Chewy, Inc. (NYSE:CHWY) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 18.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,507 shares of the company's stock after selling 41,145 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Chewy were worth $5,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHWY. 1620 Investment Advisors Inc. purchased a new stake in shares of Chewy during the 2nd quarter worth $33,000. Blue Trust Inc. lifted its position in shares of Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock valued at $38,000 after acquiring an additional 905 shares during the period. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Chewy during the 2nd quarter worth approximately $44,000. First Horizon Advisors Inc. acquired a new stake in shares of Chewy in the 2nd quarter worth approximately $48,000. Finally, Skylands Capital LLC purchased a new position in Chewy in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Stock Up 1.2 %

Shares of NYSE CHWY traded up $0.39 during trading on Friday, hitting $32.26. 5,077,683 shares of the company traded hands, compared to its average volume of 8,603,544. The firm has a market capitalization of $13.49 billion, a P/E ratio of 35.01, a P/E/G ratio of 4.28 and a beta of 1.12. The company has a 50-day moving average price of $30.66 and a 200-day moving average price of $27.59. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $39.10.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the business posted ($0.08) EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts predict that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Satish Mehta sold 8,056 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the transaction, the chief technology officer now owns 585,962 shares of the company's stock, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,956,046 shares of company stock valued at $1,448,008,845. Company insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CHWY shares. Citigroup raised Chewy from a "neutral" rating to a "buy" rating and upped their target price for the company from $28.00 to $40.00 in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Chewy from $24.00 to $28.00 and gave the company a "hold" rating in a report on Friday, November 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a report on Thursday, December 5th. Piper Sandler raised their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada upped their target price on Chewy from $39.00 to $42.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $34.15.

Chewy Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.