Public Employees Retirement System of Ohio Invests $1.32 Million in Chewy $CHWY

Public Employees Retirement System of Ohio acquired a new stake in shares of Chewy (NYSE:CHWY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 67,366 shares of the company's stock, valued at approximately $1,324,000.

A number of other large investors also recently bought and sold shares of CHWY. Harbour Investments Inc. boosted its position in Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company's stock valued at $30,000 after acquiring an additional 407 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Chewy in the 2nd quarter worth $30,000. Los Angeles Capital Management LLC bought a new position in shares of Chewy in the 4th quarter worth $31,000. Modus Advisors LLC bought a new position in shares of Chewy in the 4th quarter worth $34,000. Finally, Parallel Advisors LLC lifted its stake in shares of Chewy by 106.8% during the 1st quarter. Parallel Advisors LLC now owns 1,584 shares of the company's stock worth $43,000 after purchasing an additional 818 shares during the last quarter. Institutional investors own 93.09% of the company's stock.

Chewy Price Performance

Shares of CHWY opened at $23.58 on Tuesday. The firm has a market capitalization of $9.65 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. Chewy has a 1-year low of $17.40 and a 1-year high of $43.50. The company's fifty day moving average price is $22.37 and its 200-day moving average price is $23.17.

Insider Buying and Selling

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of Chewy stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the completion of the sale, the general counsel owned 4,103 shares of the company's stock, valued at approximately $79,967.47. The trade was a 50.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler reaffirmed an "overweight" rating on shares of Chewy in a research report on Friday, August 21st. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a report on Thursday, June 11th. Mizuho decreased their price target on shares of Chewy from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Friday. Citizens Jmp lowered their price target on shares of Chewy from $45.00 to $28.00 and set a "market outperform" rating on the stock in a report on Thursday, June 11th. Finally, Barclays cut their price objective on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.27.

Chewy Company Profile

Chewy, Inc NYSE: CHWY is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.

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