Louisiana State Employees Retirement System Makes New $1.87 Million Investment in Chewy $CHWY

Louisiana State Employees Retirement System purchased a new position in shares of Chewy (NYSE:CHWY) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 69,200 shares of the company’s stock, valued at approximately $1,868,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CoreCap Advisors LLC lifted its stake in shares of Chewy by 306.2% in the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Chewy during the second quarter worth $30,000. Los Angeles Capital Management LLC acquired a new position in Chewy during the fourth quarter worth $31,000. Finally, Modus Advisors LLC bought a new position in Chewy during the fourth quarter valued at about $34,000. Institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 price target on shares of Chewy in a research report on Thursday, June 11th. Raymond James Financial reissued a “buy” rating on shares of Chewy in a report on Wednesday, June 10th. Royal Bank Of Canada cut their price objective on Chewy from $47.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. JPMorgan Chase & Co. decreased their target price on Chewy from $35.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, June 11th. Finally, Moffett Nathanson set a $28.00 price target on Chewy in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.05.

Insider Buying and Selling

In related news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $19.49, for a total value of $81,916.47. Following the completion of the transaction, the general counsel directly owned 4,103 shares of the company’s stock, valued at $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumit Singh sold 4,220 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $108,032.00. Following the completion of the transaction, the chief executive officer directly owned 123,955 shares of the company’s stock, valued at approximately $3,173,248. This trade represents a 3.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 91,729 shares of company stock worth $2,322,582. 0.34% of the stock is currently owned by company insiders.

Chewy Stock Up 1.0%

CHWY stock opened at $19.62 on Wednesday. Chewy has a twelve month low of $17.40 and a twelve month high of $43.50. The company has a market cap of $8.03 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. The business’s 50-day simple moving average is $21.60 and its 200 day simple moving average is $26.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.19. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. On average, equities research analysts anticipate that Chewy will post 0.81 EPS for the current year.

Chewy Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.