Fortis Capital Advisors LLC Makes New Investment in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Fortis Capital Advisors LLC has acquired 10,103 shares of BJ's Wholesale Club Holdings, Inc., valued at approximately $1.15 million, signaling an increase in institutional interest in the company.
• Market analysts have mixed opinions on BJ's stock, with some raising target prices while others have lowered theirs, indicating varying confidence in the company's future performance.
• Recent earnings data shows BJ's Wholesale Club exceeded earnings per share expectations, reporting $1.14 for the quarter, although revenue fell slightly short of estimates at $5.38 billion.

Fortis Capital Advisors LLC purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,103 shares of the company's stock, valued at approximately $1,153,000.

Other large investors have also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club during the first quarter valued at $33,000. HM Payson & Co. purchased a new stake in shares of BJ's Wholesale Club during the first quarter valued at $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club during the first quarter valued at $43,000. Quarry LP purchased a new stake in shares of BJ's Wholesale Club during the first quarter valued at $48,000. Finally, Wayfinding Financial LLC purchased a new position in BJ's Wholesale Club in the first quarter worth about $51,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BJ. UBS Group dropped their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Friday, August 15th. Citigroup lowered their price objective on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Morgan Stanley lowered their price objective on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Monday, August 25th. Finally, Evercore ISI lowered their price objective on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating on the stock in a research report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $113.18.

BJ's Wholesale Club Price Performance

BJ traded up $0.44 on Friday, hitting $98.49. 1,073,658 shares of the company's stock traded hands, compared to its average volume of 2,625,220. The company's 50 day simple moving average is $103.24 and its 200-day simple moving average is $109.18. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 2.61 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a one year low of $79.55 and a one year high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter last year, the company earned $1.09 EPS. The firm's quarterly revenue was up 3.2% on a year-over-year basis. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling

In other news, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the transaction, the executive vice president owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the transaction, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,161 shares of company stock valued at $13,023,303. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.