Southeast Asset Advisors LLC Invests $858,000 in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Southeast Asset Advisors LLC acquired 7,523 shares of BJ's Wholesale Club Holdings, Inc. in Q1, valued at approximately $858,000, highlighting increased institutional interest.
• CEO Robert W. Eddy sold 17,900 shares for over $1.9 million, reducing his ownership stake by 4.63%, while insider transactions indicate mixed confidence among corporate leaders.
• BJ's Wholesale Club reported Q2 earnings of $1.14 per share, surpassing expectations, but its revenue fell short of analyst predictions, suggesting some market challenges ahead.

Southeast Asset Advisors LLC acquired a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 7,523 shares of the company's stock, valued at approximately $858,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BJ. Atlantic Edge Private Wealth Management LLC bought a new stake in BJ's Wholesale Club in the first quarter valued at $33,000. HM Payson & Co. purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth about $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth about $43,000. Wayfinding Financial LLC bought a new stake in shares of BJ's Wholesale Club during the 1st quarter valued at about $51,000. Finally, IFP Advisors Inc boosted its stake in shares of BJ's Wholesale Club by 22.0% during the 1st quarter. IFP Advisors Inc now owns 510 shares of the company's stock valued at $58,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on BJ. Citigroup lowered their price objective on shares of BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday. Evercore ISI dropped their price target 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. Morgan Stanley decreased their price objective on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a report on Monday. Wall Street Zen cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Gordon Haskett lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research note on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Stock Up 1.2%

NYSE BJ traded up $1.15 during mid-day trading on Wednesday, reaching $97.30. The stock had a trading volume of 2,525,157 shares, compared to its average volume of 2,657,395. The stock has a market cap of $12.85 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.56 and a beta of 0.43. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10. 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 company has a fifty day moving average price of $106.63 and a 200 day moving average price of $109.90.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $1.14 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 business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period last year, the business posted $1.09 EPS. The company's revenue 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, research analysts expect 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 related news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction dated 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 sale, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the transaction, the executive vice president directly owned 114,127 shares of the company's stock, valued at $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,061 shares of company stock worth $15,027,745 over the last ninety days. 1.40% of the stock is currently owned by insiders.

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.