New York State Common Retirement Fund Purchases 18,318 Shares of Chewy, Inc. (NYSE:CHWY)

New York State Common Retirement Fund boosted its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 22.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 98,558 shares of the company’s stock after acquiring an additional 18,318 shares during the quarter. New York State Common Retirement Fund’s holdings in Chewy were worth $2,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock valued at $95,000 after acquiring an additional 543 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of Chewy by 5.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 13,371 shares of the company’s stock worth $244,000 after purchasing an additional 723 shares in the last quarter. D.A. Davidson & CO. increased its position in Chewy by 3.8% during the 3rd quarter. D.A. Davidson & CO. now owns 22,663 shares of the company’s stock valued at $414,000 after buying an additional 840 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Chewy by 7.9% during the third quarter. Private Advisor Group LLC now owns 11,984 shares of the company’s stock worth $219,000 after acquiring an additional 875 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Chewy by 37.8% during the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock valued at $79,000 after acquiring an additional 922 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHWY. Jefferies Financial Group dropped their target price on Chewy from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Royal Bank of Canada lowered their price objective on Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Piper Sandler reduced their price target on Chewy from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Barclays raised shares of Chewy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $30.00 in a report on Thursday, January 11th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $28.00 target price on shares of Chewy in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.83.

Chewy Stock Performance

Shares of Chewy stock opened at $15.47 on Wednesday. The company’s fifty day moving average is $16.57 and its two-hundred day moving average is $18.50. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.78. The company has a market capitalization of $6.73 billion, a P/E ratio of 193.40, a PEG ratio of 8.28 and a beta of 0.91.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.09. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Chewy had a return on equity of 11.69% and a net margin of 0.33%. As a group, equities analysts expect that Chewy, Inc. will post 0.08 earnings per share for the current year.

Insider Activity

In related news, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the sale, the chief accounting officer now directly owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the transaction, the chief accounting officer now directly owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 46,090 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total transaction of $696,880.80. Following the completion of the sale, the chief executive officer now owns 1,379,100 shares of the company’s stock, valued at approximately $20,851,992. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,993 shares of company stock valued at $1,067,363. Company insiders own 2.10% of the company’s stock.

Chewy Company 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.