Chewy $CHWY Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in Chewy (NYSE:CHWY) by 46.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,364 shares of the company’s stock after purchasing an additional 37,966 shares during the period. Illinois Municipal Retirement Fund’s holdings in Chewy were worth $4,828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHWY. Savvy Advisors Inc. purchased a new position in shares of Chewy during the 3rd quarter valued at approximately $297,000. Cibc World Market Inc. increased its stake in shares of Chewy by 3.6% in the third quarter. Cibc World Market Inc. now owns 69,789 shares of the company’s stock worth $2,823,000 after buying an additional 2,443 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Chewy by 11.5% in the third quarter. Advisors Asset Management Inc. now owns 26,072 shares of the company’s stock valued at $1,055,000 after acquiring an additional 2,687 shares in the last quarter. Krilogy Financial LLC bought a new position in Chewy during the 3rd quarter valued at $1,129,000. Finally, Versor Investments LP boosted its stake in Chewy by 460.0% during the 3rd quarter. Versor Investments LP now owns 27,400 shares of the company’s stock valued at $1,108,000 after acquiring an additional 22,507 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 40,789 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the completion of the transaction, the chief executive officer owned 623,185 shares in the company, valued at approximately $21,020,030.05. This represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the sale, the chief technology officer owned 273,835 shares in the company, valued at approximately $7,938,476.65. This represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,369 shares of company stock worth $2,276,360 over the last quarter. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CHWY has been the subject of several research analyst reports. Morgan Stanley boosted their target price on shares of Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Wolfe Research set a $44.00 price objective on Chewy in a report on Monday, January 5th. Piper Sandler restated an “overweight” rating on shares of Chewy in a research note on Thursday, February 5th. Mizuho reaffirmed an “outperform” rating and set a $50.00 target price on shares of Chewy in a report on Tuesday, November 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.21.

Chewy Stock Down 0.2%

Shares of CHWY stock opened at $24.24 on Friday. The company has a market cap of $10.06 billion, a P/E ratio of 50.50, a PEG ratio of 1.63 and a beta of 1.59. The business has a 50 day moving average of $31.42 and a two-hundred day moving average of $34.97. Chewy has a 52 week low of $24.01 and a 52 week high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

Chewy Company 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.