Ontario Teachers Pension Plan Board Takes Position in Chewy $CHWY

Ontario Teachers Pension Plan Board acquired a new position in Chewy (NYSE:CHWY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 59,715 shares of the company’s stock, valued at approximately $2,545,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in Chewy during the first quarter valued at approximately $44,000. Parkside Financial Bank & Trust grew its position in shares of Chewy by 34.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after acquiring an additional 298 shares during the period. Hughes Financial Services LLC purchased a new stake in shares of Chewy in the 2nd quarter worth $55,000. Parallel Advisors LLC raised its holdings in Chewy by 73.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock worth $58,000 after purchasing an additional 577 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Chewy by 1,816.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the company’s stock valued at $64,000 after purchasing an additional 1,417 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Stock Up 0.1%

CHWY opened at $33.52 on Friday. The company has a market capitalization of $13.91 billion, a PE ratio of 95.78, a price-to-earnings-growth ratio of 8.29 and a beta of 1.67. The firm has a 50-day simple moving average of $36.71 and a two-hundred day simple moving average of $39.17. Chewy has a 52 week low of $29.83 and a 52 week high of $48.62.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, sell-side analysts expect that Chewy will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Thursday, September 25th. Seaport Res Ptn raised shares of Chewy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 10th. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Chewy in a research note on Thursday, September 11th. JMP Securities reaffirmed a “market outperform” rating and set a $48.00 price target on shares of Chewy in a report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Chewy from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.84.

Insider Transactions at Chewy

In related news, CAO William G. Billings sold 1,121 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $36,679.12. Following the sale, the chief accounting officer owned 31,045 shares of the company’s stock, valued at $1,015,792.40. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Satish Mehta sold 4,642 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $32.65, for a total transaction of $151,561.30. Following the transaction, the chief technology officer owned 229,702 shares of the company’s stock, valued at $7,499,770.30. This trade represents a 1.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,629 shares of company stock valued at $903,696 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Chewy 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.