VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Chewy $CHWY

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Chewy (NYSE:CHWY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 77,271 shares of the company’s stock, valued at approximately $3,293,000.

Several other hedge funds have also recently modified their holdings of the stock. Aigen Investment Management LP purchased a new stake in Chewy in the first quarter valued at approximately $791,000. Jefferies Financial Group Inc. purchased a new stake in Chewy in the 1st quarter worth approximately $3,251,000. D.A. Davidson & CO. boosted its position in Chewy by 38.7% in the 1st quarter. D.A. Davidson & CO. now owns 43,725 shares of the company’s stock worth $1,422,000 after purchasing an additional 12,206 shares in the last quarter. Victory Capital Management Inc. boosted its position in Chewy by 74.5% in the 1st quarter. Victory Capital Management Inc. now owns 139,889 shares of the company’s stock worth $4,548,000 after purchasing an additional 59,711 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Chewy in the 1st quarter worth approximately $11,326,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Up 0.1%

NYSE CHWY opened at $37.49 on Tuesday. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 107.10, a price-to-earnings-growth ratio of 9.32 and a beta of 1.62. The business has a fifty day moving average of $39.06 and a 200-day moving average of $39.21. Chewy has a fifty-two week low of $26.28 and a fifty-two week high of $48.62.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.19). The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous 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, analysts anticipate that Chewy will post 0.24 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHWY. Robert W. Baird decreased their target price on Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $44.00 to $50.00 in a research report on Monday, September 8th. Morgan Stanley decreased their target price on Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a research note on Wednesday, October 8th. Finally, Moffett Nathanson raised Chewy from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Thursday, September 25th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.84.

Insider Transactions at Chewy

In other Chewy news, CEO Sumit Singh sold 4,264 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer 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 filing with the SEC, which is available at the SEC website. Also, CTO Satish Mehta sold 8,727 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value of $312,601.14. Following the transaction, the chief technology officer directly owned 276,467 shares in the company, valued at approximately $9,903,047.94. This represents a 3.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,657 shares of company stock valued at $2,444,311 over the last quarter. Company insiders own 0.43% of the company’s stock.

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.