New York State Teachers Retirement System Acquires 82,206 Shares of Chewy (NYSE:CHWY)

New York State Teachers Retirement System increased its holdings in Chewy (NYSE:CHWY - Free Report) by 175.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,076 shares of the company's stock after purchasing an additional 82,206 shares during the period. New York State Teachers Retirement System's holdings in Chewy were worth $4,196,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in shares of Chewy by 150.2% in the first quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after acquiring an additional 473 shares during the period. Banque Transatlantique SA bought a new stake in Chewy in the 4th quarter valued at $30,000. Golden State Wealth Management LLC grew its position in Chewy by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after purchasing an additional 481 shares during the last quarter. North Star Investment Management Corp. grew its position in Chewy by 26.6% in the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after purchasing an additional 353 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Chewy by 225.7% during the 1st quarter. UMB Bank n.a. now owns 1,866 shares of the company's stock worth $61,000 after purchasing an additional 1,293 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total value of $1,250,000,010.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sumit Singh sold 148,063 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.67, for a total value of $6,021,722.21. Following the completion of the transaction, the chief executive officer owned 705,252 shares in the company, valued at $28,682,598.84. This represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,167,614 shares of company stock valued at $1,259,102,436. 0.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHWY. Guggenheim reissued a "buy" rating and set a $45.00 target price (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. UBS Group lifted their price objective on Chewy from $36.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Mizuho cut Chewy from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $43.00 to $47.00 in a research report on Monday, June 9th. Cowen reaffirmed a "buy" rating on shares of Chewy in a research report on Friday, June 6th. Finally, Seaport Res Ptn upgraded shares of Chewy to a "hold" rating in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.39.

Chewy Trading Down 2.5%

Shares of Chewy stock traded down $1.02 during trading on Wednesday, reaching $38.99. The company's stock had a trading volume of 3,699,672 shares, compared to its average volume of 6,211,257. The stock has a 50-day moving average price of $42.26 and a two-hundred day moving average price of $37.76. Chewy has a one year low of $19.75 and a one year high of $48.62. The stock has a market capitalization of $16.19 billion, a P/E ratio of 43.79, a price-to-earnings-growth ratio of 8.56 and a beta of 1.71.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter in the previous year, the company posted $0.31 EPS. Chewy's revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate 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.