Teacher Retirement System of Texas Acquires 13,017 Shares of Chewy (NYSE:CHWY)

Teacher Retirement System of Texas boosted its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 81.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,080 shares of the company's stock after purchasing an additional 13,017 shares during the quarter. Teacher Retirement System of Texas' holdings in Chewy were worth $945,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock valued at $485,093,000 after purchasing an additional 3,493,926 shares during the period. FMR LLC lifted its position in shares of Chewy by 32.4% in the 4th quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after acquiring an additional 1,293,428 shares during the period. Clearbridge Investments LLC lifted its position in shares of Chewy by 47.4% in the 4th quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company's stock worth $129,495,000 after acquiring an additional 1,243,981 shares during the period. Durable Capital Partners LP bought a new stake in shares of Chewy in the 4th quarter worth approximately $79,050,000. Finally, Invesco Ltd. lifted its position in shares of Chewy by 4,577.5% in the 4th quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock worth $73,381,000 after acquiring an additional 2,144,302 shares during the period. Institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CHWY shares. Deutsche Bank Aktiengesellschaft set a $27.00 price objective on Chewy and gave the stock a "hold" rating in a research report on Monday, April 14th. Seaport Res Ptn upgraded Chewy to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. raised their price objective on Chewy from $36.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research report on Thursday, June 12th. Finally, Citizens Jmp upgraded Chewy to a "strong-buy" rating in a research report on Thursday, July 10th. Nine research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.89.

Insider Transactions at Chewy

In other news, 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 completion of the sale, the chief financial officer directly owned 397,556 shares of the company's stock, valued at approximately $14,486,940.64. This trade represents a 2.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 9,243 shares of Chewy stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total value of $337,369.50. Following the completion of the sale, the chief technology officer directly owned 276,467 shares of the company's stock, valued at $10,091,045.50. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,167,614 shares of company stock valued at $1,259,102,436 over the last quarter. Corporate insiders own 0.43% of the company's stock.

Chewy Price Performance

CHWY stock opened at $37.77 on Tuesday. The business has a fifty day moving average price of $42.36 and a 200 day moving average price of $37.88. Chewy has a fifty-two week low of $19.75 and a fifty-two week high of $48.62. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 42.44, a P/E/G ratio of 7.93 and a beta of 1.71.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Chewy had a return on equity of 35.04% and a net margin of 3.21%. The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.08 billion. During the same period last year, the firm posted $0.31 EPS. The business's revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that Chewy will post 0.24 earnings per share for the current fiscal year.

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.

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