California State Teachers Retirement System Buys 48,160 Shares of Chewy $CHWY

California State Teachers Retirement System grew its position in Chewy (NYSE:CHWY) by 22.6% during the first quarter, HoldingsChannel reports. The firm owned 261,524 shares of the company’s stock after buying an additional 48,160 shares during the quarter. California State Teachers Retirement System’s holdings in Chewy were worth $7,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CHWY. Harbour Investments Inc. grew its position in shares of Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after purchasing an additional 407 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy during the 2nd quarter worth approximately $30,000. Los Angeles Capital Management LLC bought a new stake in Chewy in the 4th quarter valued at $31,000. Modus Advisors LLC bought a new stake in Chewy in the fourth quarter valued at about $34,000. Finally, Montag A & Associates Inc. grew its stake in shares of Chewy by 58.8% in the 4th quarter. Montag A & Associates Inc. now owns 1,270 shares of the company’s stock valued at $42,000 after purchasing an additional 470 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Price Performance

CHWY stock opened at $23.96 on Thursday. The company has a 50 day moving average price of $20.66 and a 200 day moving average price of $24.07. Chewy has a fifty-two week low of $17.40 and a fifty-two week high of $43.50. The stock has a market capitalization of $9.81 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.42.

Analyst Ratings Changes

CHWY has been the topic of several analyst reports. Mizuho lowered their target price on shares of Chewy from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. Royal Bank Of Canada cut their target price on shares of Chewy from $47.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. Barclays reduced their target price on Chewy from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, June 11th. Robert W. Baird dropped their price target on Chewy from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, June 11th. Finally, Weiss Ratings downgraded Chewy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.05.

Insider Buying and Selling

In other news, General Counsel Da-Wai Hu sold 4,203 shares of Chewy 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 sale, the general counsel directly owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

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.