Police & Firemen s Retirement System of New Jersey Takes Position in Chewy $CHWY

Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Chewy (NYSE:CHWY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,828 shares of the company’s stock, valued at approximately $1,271,000.

Other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in Chewy in the 1st quarter worth $44,000. Parkside Financial Bank & Trust lifted its holdings in shares of Chewy by 34.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after purchasing an additional 298 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of Chewy during the second quarter worth about $55,000. Parallel Advisors LLC grew its holdings in shares of Chewy by 73.2% during the second quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock worth $58,000 after buying an additional 577 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Chewy by 1,816.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the company’s stock valued at $64,000 after buying an additional 1,417 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 16,289 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total transaction of $532,976.08. Following the transaction, the chief executive officer owned 563,408 shares of the company’s stock, valued at $18,434,709.76. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 4,642 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $32.65, for a total value of $151,561.30. Following the completion of the sale, the chief technology officer owned 229,702 shares in the company, valued at $7,499,770.30. This represents a 1.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 27,629 shares of company stock worth $903,696. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CHWY. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Thursday, September 25th. JMP Securities reissued a “market outperform” rating and issued a $48.00 price objective on shares of Chewy in a research report on Thursday, September 11th. JPMorgan Chase & Co. reduced their target price on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. TD Cowen lowered their price target on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Mizuho reissued an “outperform” rating and set a $50.00 price target on shares of Chewy in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $46.17.

Chewy Trading Up 0.6%

Shares of CHWY opened at $33.34 on Friday. The company’s fifty day simple moving average is $36.31 and its 200 day simple moving average is $39.05. Chewy has a 1-year low of $29.83 and a 1-year high of $48.62. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 95.26, a PEG ratio of 8.19 and a beta of 1.67.

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

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.