State of New Jersey Common Pension Fund D Reduces Holdings in Chewy, Inc. (NYSE:CHWY)

State of New Jersey Common Pension Fund D lowered its position in Chewy, Inc. (NYSE:CHWY) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,853 shares of the company’s stock after selling 9,652 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Chewy were worth $2,251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CHWY. SG Americas Securities LLC boosted its holdings in Chewy by 40.5% during the 1st quarter. SG Americas Securities LLC now owns 42,029 shares of the company’s stock valued at $669,000 after acquiring an additional 12,118 shares during the period. Swiss National Bank boosted its stake in shares of Chewy by 1.0% during the first quarter. Swiss National Bank now owns 237,400 shares of the company’s stock valued at $3,777,000 after purchasing an additional 2,400 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Chewy by 27.7% in the first quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,768 shares during the last quarter. Entropy Technologies LP bought a new stake in Chewy during the 1st quarter valued at about $755,000. Finally, Blair William & Co. IL boosted its position in Chewy by 26.1% in the 1st quarter. Blair William & Co. IL now owns 896,410 shares of the company’s stock valued at $14,262,000 after buying an additional 185,761 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Chewy Stock Down 1.0 %

Shares of Chewy stock opened at $32.40 on Friday. The company has a 50 day moving average price of $29.23 and a 200 day moving average price of $25.18. The firm has a market capitalization of $13.55 billion, a P/E ratio of 39.51, a PEG ratio of 3.29 and a beta of 1.06. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. As a group, research analysts anticipate that Chewy, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHWY has been the topic of a number of research reports. TD Cowen initiated coverage on shares of Chewy in a research report on Wednesday, October 9th. They set a “buy” rating and a $38.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and set a $35.00 target price on shares of Chewy in a research report on Thursday, August 29th. Evercore ISI increased their price target on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price objective on Chewy from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Finally, Bank of America increased their target price on shares of Chewy from $20.00 to $24.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Chewy has an average rating of “Moderate Buy” and an average price target of $30.15.

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.