Strs Ohio Acquires New Stake in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Strs Ohio acquired 215,325 shares of BJ's Wholesale Club Holdings, Inc., valued at approximately $24.57 million, indicating significant interest from institutional investors.
• BJ's Wholesale Club reported $1.14 earnings per share for the last quarter, surpassing analysts' expectations by 4 cents, despite revenue being slightly below estimates.
• Several analysts downgraded the stock and adjusted target prices, with a consensus rating of "Moderate Buy" and an average target price of $113.18 as of the latest reports.

Strs Ohio acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 215,325 shares of the company's stock, valued at approximately $24,569,000. Strs Ohio owned about 0.16% of BJ's Wholesale Club at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BJ. Atlantic Edge Private Wealth Management LLC bought a new position in shares of BJ's Wholesale Club during the 1st quarter valued at about $33,000. HM Payson & Co. bought a new position in shares of BJ's Wholesale Club during the 1st quarter valued at about $41,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of BJ's Wholesale Club during the 1st quarter valued at about $43,000. Quarry LP bought a new position in shares of BJ's Wholesale Club during the 1st quarter valued at about $48,000. Finally, Wayfinding Financial LLC bought a new position in shares of BJ's Wholesale Club during the 1st quarter valued at about $51,000. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BJ shares. Robert W. Baird increased their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research note on Friday, August 15th. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. DA Davidson decreased their price target on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. Finally, JPMorgan Chase & Co. cut their price objective on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a research report on Monday, August 25th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average target price of $113.18.

BJ's Wholesale Club Stock Down 1.2%

NYSE:BJ traded down $1.23 during trading hours on Thursday, reaching $98.03. 428,116 shares of the company traded hands, compared to its average volume of 1,926,384. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $80.43 and a 1 year high of $121.10. The business's 50-day moving average price is $102.70 and its two-hundred day moving average price is $109.16. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $12.91 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.65 and a beta of 0.40.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping 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 firm had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.49 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The company's 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. Analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Buying and Selling at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the completion of the transaction, the chief executive officer owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the completion of the transaction, the executive vice president owned 114,127 shares of the company's stock, valued at $12,563,100.16. This represents a 33.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,161 shares of company stock valued at $13,023,303 in the last 90 days. 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.