Adage Capital Partners GP L.L.C. Grows Stock Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Adage Capital Partners GP L.L.C. has increased its holdings in BJ's Wholesale Club by 100%, acquiring an additional 50,000 shares in the first quarter, bringing its total ownership to 100,000 shares valued at approximately $11.41 million.
• Several institutional investors have significantly increased their stakes in BJ's Wholesale Club, with the Bank of New York Mellon Corp boosting its holdings by 199.7%, now owning nearly 3 million shares worth $340.76 million.
• Analysts have mixed ratings on BJ's stock, with 10 analysts rating it as a Buy and 9 as a Hold, and the average target price for the stock is set at $113.18.

Adage Capital Partners GP L.L.C. grew its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 100.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the company's stock after buying an additional 50,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.08% of BJ's Wholesale Club worth $11,410,000 at the end of the most recent quarter.

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

Insider Activity at BJ's Wholesale Club

In other news, 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 transaction of $1,916,732.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club 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 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 120,161 shares of company stock valued at $13,023,303 over the last quarter. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BJ. Citigroup cut their target price on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. JPMorgan Chase & Co. cut their target price on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. UBS Group cut their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research note on Friday, August 15th. Finally, Morgan Stanley cut their target price on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Monday, August 25th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and an average price target of $113.18.

BJ's Wholesale Club Stock Up 0.4%

BJ traded up $0.44 on Friday, hitting $98.49. The company had a trading volume of 1,073,658 shares, compared to its average volume of 2,625,220. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $79.55 and a 52-week high of $121.10. The stock has a fifty day simple moving average of $103.24 and a 200-day simple moving average of $109.18. The firm has a market capitalization of $12.98 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.61 and a beta of 0.40.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Friday, August 22nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. 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 business posted $1.09 earnings per share. BJ's Wholesale Club's quarterly 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. As a group, equities analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.