United Services Automobile Association Invests $951,000 in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• United Services Automobile Association has acquired 8,502 shares of BJ's Wholesale Club, valued at approximately $951,000, reflecting increased institutional interest in the company.
• Insider sales have been significant, with EVP Paul Cichocki selling over 58,000 shares for around $6.43 million, contributing to a 33.86% reduction in his ownership.
• BJ's Wholesale Club reported a quarterly EPS of $1.14, surpassing analyst expectations, while guiding for FY 2025 EPS between 4.200-4.35.

United Services Automobile Association purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,502 shares of the company's stock, valued at approximately $951,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of BJ's Wholesale Club by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company's stock valued at $498,219,000 after buying an additional 35,130 shares in the last quarter. Bessemer Group Inc. grew its stake in BJ's Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock worth $477,709,000 after purchasing an additional 1,662,415 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in BJ's Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock worth $368,393,000 after purchasing an additional 741,782 shares during the period. Bank of New York Mellon Corp raised its position in BJ's Wholesale Club by 199.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock valued at $340,759,000 after purchasing an additional 1,989,980 shares in the last quarter. Finally, Select Equity Group L.P. boosted its stake in shares of BJ's Wholesale Club by 1,230.1% in the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock valued at $198,458,000 after buying an additional 1,608,571 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on BJ. Loop Capital reaffirmed a "hold" rating and issued a $120.00 target price (up from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Citigroup decreased their target price on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Wall Street Zen downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Roth Capital reaffirmed a "neutral" rating and issued a $106.00 target price (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $113.18.

BJ's Wholesale Club Price Performance

NYSE:BJ traded up $0.44 during mid-day trading on Friday, reaching $98.49. 1,073,658 shares of the stock were exchanged, compared to its average volume of 2,625,220. The business has a fifty day moving average price of $103.24 and a 200 day moving average price of $109.18. The firm has a market capitalization of $12.98 billion, a PE ratio of 22.59, a PEG ratio of 2.61 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $79.55 and a 1-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 released its quarterly earnings data 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 business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same period last year, the company 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. Research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 368,333 shares in the company, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president directly owned 114,127 shares in the company, valued at $12,563,100.16. This trade represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,161 shares of company stock worth $13,023,303. 1.40% of the stock is currently owned by company 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.