Teacher Retirement System of Texas Acquires 9,493 Shares of Chewy $CHWY

Teacher Retirement System of Texas raised its holdings in Chewy (NYSE:CHWY) by 32.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,573 shares of the company’s stock after purchasing an additional 9,493 shares during the period. Teacher Retirement System of Texas’ holdings in Chewy were worth $1,644,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BC Partners PE LP acquired a new position in shares of Chewy in the 1st quarter valued at approximately $7,142,402,000. Voya Investment Management LLC raised its position in shares of Chewy by 8.2% in the 1st quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company’s stock valued at $134,818,000 after buying an additional 312,795 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Chewy by 35.7% in the 1st quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company’s stock valued at $74,903,000 after buying an additional 606,526 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Chewy by 224.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,892,344 shares of the company’s stock valued at $79,214,000 after buying an additional 1,308,343 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Chewy by 21.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,422,298 shares of the company’s stock valued at $60,618,000 after buying an additional 247,318 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Up 3.0%

Chewy stock opened at $33.90 on Wednesday. Chewy has a 12-month low of $28.82 and a 12-month high of $48.62. The firm’s fifty day moving average is $37.93 and its 200 day moving average is $39.35. The company has a market capitalization of $14.06 billion, a PE ratio of 96.87, a PEG ratio of 8.19 and a beta of 1.67.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Sell-side analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citizens Jmp upgraded shares of Chewy to a “strong-buy” rating in a research report on Thursday, July 10th. Seaport Res Ptn upgraded shares of Chewy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. Citigroup lowered their price objective on shares of Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Mizuho reiterated an “outperform” rating and set a $50.00 price objective on shares of Chewy in a research report on Tuesday. Finally, Royal Bank Of Canada lowered their price objective on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.84.

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.