VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.29 Million in Chewy $CHWY

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Chewy (NYSE:CHWY) during the second quarter, Holdings Channel.com reports. The fund purchased 77,271 shares of the company’s stock, valued at approximately $3,293,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CHWY. GAMMA Investing LLC raised its position in shares of Chewy by 327.7% during the 1st quarter. GAMMA Investing LLC now owns 2,964 shares of the company’s stock worth $96,000 after purchasing an additional 2,271 shares during the period. Janney Montgomery Scott LLC increased its position in Chewy by 43.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 54,154 shares of the company’s stock valued at $1,761,000 after acquiring an additional 16,399 shares during the period. State of Alaska Department of Revenue increased its position in Chewy by 12.4% in the 1st quarter. State of Alaska Department of Revenue now owns 19,420 shares of the company’s stock valued at $631,000 after acquiring an additional 2,145 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Chewy in the 1st quarter valued at approximately $775,000. Finally, Moran Wealth Management LLC acquired a new stake in Chewy in the 1st quarter valued at approximately $1,737,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHWY. Royal Bank Of Canada lowered their target price on Chewy from $44.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Chewy in a research report on Thursday, September 11th. JPMorgan Chase & Co. lowered their target price on Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Wall Street Zen cut Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Barclays lowered their target price on Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and an average price target of $45.84.

Chewy Stock Performance

Shares of NYSE CHWY opened at $37.49 on Tuesday. The stock has a fifty day moving average price of $39.06 and a two-hundred day moving average price of $39.21. The firm has a market cap of $15.55 billion, a P/E ratio of 107.10, a PEG ratio of 9.32 and a beta of 1.62. Chewy has a 1 year low of $26.28 and a 1 year high of $48.62.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, research analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 4,264 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $151,670.48. Following the completion of the sale, the chief executive officer directly owned 72,549 shares of the company’s stock, valued at $2,580,567.93. This trade represents a 5.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO William G. Billings sold 20,142 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $716,450.94. Following the sale, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at approximately $1,048,034.48. This represents a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,657 shares of company stock valued at $2,444,311 in the last three months. 0.43% of the stock is currently owned by corporate insiders.

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.