Public Employees Retirement System of Ohio Acquires New Position in Chewy $CHWY

Public Employees Retirement System of Ohio acquired a new stake in shares of Chewy (NYSE:CHWY) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 64,932 shares of the company’s stock, valued at approximately $2,767,000.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock valued at $26,000 after acquiring an additional 473 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock valued at $31,000 after acquiring an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Chewy during the 1st quarter valued at about $44,000. North Star Investment Management Corp. grew its stake in Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock valued at $55,000 after acquiring an additional 353 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Chewy by 225.7% during the 1st quarter. UMB Bank n.a. now owns 1,866 shares of the company’s stock valued at $61,000 after acquiring an additional 1,293 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 8,727 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the sale, the chief technology officer directly owned 276,467 shares of the company’s stock, valued at $9,903,047.94. This represents a 3.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 4,264 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $151,670.48. Following the sale, the chief executive officer directly owned 72,549 shares in the company, valued at approximately $2,580,567.93. The trade was a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,657 shares of company stock valued at $2,444,311 in the last ninety days. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CHWY shares. UBS Group dropped their price objective on shares of Chewy from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $44.00 to $50.00 in a report on Monday, September 8th. Morgan Stanley decreased their target price on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Seaport Res Ptn upgraded shares of Chewy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Chewy in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and a consensus price target of $45.84.

Chewy Stock Performance

Shares of CHWY stock opened at $39.64 on Thursday. The firm’s 50 day moving average price is $38.48 and its 200-day moving average price is $38.66. Chewy has a one year low of $26.28 and a one year high of $48.62. The firm has a market cap of $16.45 billion, a P/E ratio of 113.27, a P/E/G ratio of 10.04 and a beta of 1.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a return on equity of 50.45% and a net margin of 1.22%.The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, research analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

About Chewy

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.