California State Teachers Retirement System Grows Position in Chewy, Inc. (NYSE:CHWY)

California State Teachers Retirement System lifted its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,785 shares of the company's stock after purchasing an additional 22,033 shares during the period. California State Teachers Retirement System's holdings in Chewy were worth $5,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp grew its position in shares of Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after purchasing an additional 444 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after purchasing an additional 320 shares in the last quarter. KBC Group NV grew its stake in shares of Chewy by 86.9% during the fourth quarter. KBC Group NV now owns 7,471 shares of the company's stock worth $250,000 after buying an additional 3,474 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Chewy in the 4th quarter worth about $716,000. Finally, CENTRAL TRUST Co raised its holdings in Chewy by 45.4% in the 4th quarter. CENTRAL TRUST Co now owns 3,913 shares of the company's stock valued at $131,000 after buying an additional 1,222 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on CHWY. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of Chewy in a research note on Thursday, March 27th. UBS Group increased their target price on Chewy from $36.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday. JPMorgan Chase & Co. cut their price target on Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $27.00 price target on Chewy and gave the stock a "hold" rating in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.00.

Chewy Trading Up 1.0%

Chewy stock traded up $0.46 during trading on Thursday, hitting $47.74. The company had a trading volume of 3,282,238 shares, compared to its average volume of 5,680,955. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69. Chewy, Inc. has a 1-year low of $19.75 and a 1-year high of $48.23. The company's 50 day simple moving average is $38.17 and its 200-day simple moving average is $36.13.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Sumit Singh sold 8,552 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the transaction, the chief executive officer now directly owns 62,096 shares of the company's stock, valued at approximately $2,070,901.60. This represents a 12.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David Reeder sold 11,582 shares of Chewy stock in a transaction on Monday, May 5th. The stock was sold at an average price of $36.44, for a total value of $422,048.08. Following the transaction, the chief financial officer now directly owns 397,556 shares of the company's stock, valued at approximately $14,486,940.64. This represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 236,046 shares of company stock worth $9,387,635. Corporate insiders own 2.10% of the company's stock.

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.