Belmont Capital LLC Takes $411,000 Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Belmont Capital LLC acquired 3,600 shares of BJ's Wholesale Club Holdings, Inc., valued at approximately $411,000, as part of their new position in the company.
• Several institutional investors, including Atlantic Edge Private Wealth Management LLC and Wayfinding Financial LLC, have also recently purchased new stakes in BJ's Wholesale Club during the first quarter of the year.
• Insider sales included EVP Paul Cichocki selling 58,436 shares for over $6.4 million, resulting in a 33.86% decrease in his position, while CEO Robert W. Eddy sold 17,900 shares valued at approximately $1.92 million.

Belmont Capital LLC acquired a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,600 shares of the company's stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. IFP Advisors Inc lifted its stake in BJ's Wholesale Club by 22.0% during the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after purchasing an additional 92 shares during the last quarter. Greenleaf Trust lifted its stake in BJ's Wholesale Club by 4.3% during the first quarter. Greenleaf Trust now owns 2,450 shares of the company's stock worth $280,000 after purchasing an additional 101 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in BJ's Wholesale Club by 2.9% during the first quarter. CreativeOne Wealth LLC now owns 3,636 shares of the company's stock worth $415,000 after purchasing an additional 102 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of BJ's Wholesale Club by 3.5% in the 1st quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company's stock valued at $352,000 after acquiring an additional 104 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of BJ's Wholesale Club by 1.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock valued at $1,096,000 after acquiring an additional 109 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group lowered their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, August 25th. DA Davidson lowered their target price on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Loop Capital reaffirmed 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 report on Friday, May 23rd. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Stock Performance

Shares of NYSE BJ traded up $0.31 during midday trading on Friday, hitting $97.06. 1,888,776 shares of the stock traded hands, compared to its average volume of 2,753,683. The firm has a 50-day moving average of $104.25 and a two-hundred day moving average of $109.40. The firm has a market capitalization of $12.79 billion, a P/E ratio of 22.26, a PEG ratio of 2.59 and a beta of 0.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $5.49 billion. During the same period last year, the firm earned $1.09 EPS. BJ's Wholesale Club's revenue for the quarter was up 3.2% compared to the same quarter last year. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, equities analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the 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 sale, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club 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 sale, the chief executive officer directly owned 368,333 shares in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,161 shares of company stock worth $13,023,303. 1.40% of the stock is owned by insiders.

About BJ's Wholesale Club

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.