Illinois Municipal Retirement Fund Grows Position in Chewy $CHWY

Illinois Municipal Retirement Fund boosted its position in shares of Chewy (NYSE:CHWY) by 220.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,398 shares of the company’s stock after purchasing an additional 56,020 shares during the period. Illinois Municipal Retirement Fund’s holdings in Chewy were worth $3,469,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in shares of Chewy by 72.4% during the first quarter. Cerity Partners LLC now owns 29,711 shares of the company’s stock valued at $966,000 after buying an additional 12,481 shares during the period. State of Michigan Retirement System boosted its holdings in Chewy by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 39,600 shares of the company’s stock valued at $1,287,000 after acquiring an additional 600 shares during the period. Arizona State Retirement System boosted its holdings in Chewy by 2.9% during the 1st quarter. Arizona State Retirement System now owns 53,781 shares of the company’s stock valued at $1,748,000 after acquiring an additional 1,522 shares during the period. Louisiana State Employees Retirement System grew its position in Chewy by 1.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock valued at $1,508,000 after acquiring an additional 700 shares during the last quarter. Finally, CWM LLC grew its position in Chewy by 36.6% in the 1st quarter. CWM LLC now owns 2,988 shares of the company’s stock valued at $97,000 after acquiring an additional 801 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Activity at Chewy

In related news, CEO Sumit Singh sold 16,289 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total value of $532,976.08. Following the completion of the transaction, the chief executive officer directly owned 563,408 shares of the company’s stock, valued at $18,434,709.76. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO William G. Billings sold 1,121 shares of Chewy 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 $36,679.12. Following the completion of the sale, the chief accounting officer owned 31,045 shares of the company’s stock, valued at $1,015,792.40. This trade represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

Wall Street Analyst Weigh In

CHWY has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a research report on Wednesday, October 8th. Mizuho reiterated an “outperform” rating and issued a $50.00 price target on shares of Chewy in a report on Tuesday, November 4th. TD Cowen decreased their target price on Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chewy has an average rating of “Moderate Buy” and an average target price of $45.84.

Chewy Stock Down 1.0%

NYSE:CHWY opened at $32.97 on Thursday. Chewy has a 52 week low of $29.83 and a 52 week high of $48.62. The firm has a 50 day moving average of $37.04 and a 200 day moving average of $39.22. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 94.19, a PEG ratio of 8.29 and a beta of 1.67.

Chewy (NYSE:CHWY) last released its quarterly 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 net margin of 1.22% and a return on equity of 50.45%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, analysts expect that Chewy will post 0.24 EPS for the current year.

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.