Maverick Capital Ltd. Invests $3.29 Million in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Maverick Capital Ltd. acquired 28,802 shares of BJ's Wholesale Club, valued at approximately $3.3 million, during the first quarter, highlighting increasing institutional interest in the company.
• The company reported $1.14 earnings per share for the last quarter, exceeding estimates, and set a guidance of 4.200-4.35 EPS for FY 2025.
• Several analysts adjusted their price targets for BJ's Wholesale Club, with Evercore ISI lowering its target from $117 to $110, while Jefferies Financial Group maintained a "buy" rating on the stock.

Maverick Capital Ltd. acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,802 shares of the company's stock, valued at approximately $3,286,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of BJ's Wholesale Club by 92.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock valued at $2,448,000 after acquiring an additional 10,326 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of BJ's Wholesale Club during the 1st quarter worth approximately $9,805,000. iSAM Funds UK Ltd acquired a new position in shares of BJ's Wholesale Club during the 4th quarter worth approximately $843,000. FORA Capital LLC acquired a new position in shares of BJ's Wholesale Club during the 4th quarter worth approximately $936,000. Finally, Colonial River Investments LLC acquired a new position in shares of BJ's Wholesale Club during the 1st quarter worth approximately $308,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock traded up $0.53 during midday trading on Thursday, hitting $96.76. 2,974,230 shares of the company were exchanged, compared to its average volume of 1,946,018. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. The firm has a market cap of $12.75 billion, a P/E ratio of 22.19, a PEG ratio of 2.60 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The firm has a 50 day simple moving average of $104.93 and a 200-day simple moving average of $109.50.

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

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club 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 in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction 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 completion of the transaction, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,161 shares of company stock valued at $13,023,303 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BJ. UBS Group cut their price objective on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Roth Capital restated a "neutral" rating and set a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. JPMorgan Chase & Co. cut their price objective on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research report on Monday, August 25th. Loop Capital reissued a "hold" rating and set a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $127.00 price target (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.18.

BJ's Wholesale Club Company 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.