Chewy, Inc. (NYSE:CHWY) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in Chewy, Inc. (NYSE:CHWY) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,342 shares of the company’s stock after purchasing an additional 1,118 shares during the quarter. New York State Common Retirement Fund’s holdings in Chewy were worth $1,249,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Chewy by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,351,573 shares of the company’s stock worth $506,283,000 after purchasing an additional 184,226 shares during the period. Franklin Resources Inc. boosted its holdings in Chewy by 2.6% in the second quarter. Franklin Resources Inc. now owns 2,098,158 shares of the company’s stock worth $167,244,000 after purchasing an additional 53,433 shares during the period. Blair William & Co. IL boosted its holdings in Chewy by 17.3% in the second quarter. Blair William & Co. IL now owns 1,575,378 shares of the company’s stock worth $125,573,000 after purchasing an additional 232,204 shares during the period. JPMorgan Chase & Co. boosted its holdings in Chewy by 20.3% in the second quarter. JPMorgan Chase & Co. now owns 1,452,206 shares of the company’s stock worth $115,755,000 after purchasing an additional 245,511 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Chewy by 2.8% in the second quarter. Clearbridge Investments LLC now owns 1,350,822 shares of the company’s stock worth $107,674,000 after purchasing an additional 37,203 shares during the period. 96.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Chewy stock opened at $44.86 on Friday. The company’s 50-day moving average price is $61.20 and its two-hundred day moving average price is $72.45. Chewy, Inc. has a 52 week low of $43.12 and a 52 week high of $120.00. The stock has a market cap of $18.75 billion, a PE ratio of 2,243.00 and a beta of 0.35.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Thursday, December 9th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Chewy had a return on equity of 20.84% and a net margin of 0.13%. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. Equities research analysts anticipate that Chewy, Inc. will post -0.07 EPS for the current fiscal year.

In other Chewy news, insider Stacy Bowman sold 13,312 shares of Chewy stock in a transaction dated Tuesday, December 14th. The stock was sold at an average price of $54.85, for a total transaction of $730,163.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Susan Helfrick sold 5,000 shares of Chewy stock in a transaction dated Tuesday, October 26th. The shares were sold at an average price of $69.00, for a total value of $345,000.00. The disclosure for this sale can be found here. Insiders sold a total of 281,576 shares of company stock worth $17,574,834 in the last three months. 0.67% of the stock is currently owned by company insiders.

Several equities analysts have recently issued reports on CHWY shares. Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Tuesday, September 28th. Wells Fargo & Company reduced their price target on shares of Chewy from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 10th. Morgan Stanley reduced their price target on shares of Chewy from $81.00 to $74.00 and set an “equal weight” rating for the company in a report on Friday, December 10th. They noted that the move was a valuation call. UBS Group reduced their price target on shares of Chewy from $71.00 to $46.00 and set a “sell” rating for the company in a report on Friday, December 10th. Finally, The Goldman Sachs Group reduced their price target on shares of Chewy from $80.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, December 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.10.

About Chewy

Chewy, Inc engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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