American Century Companies Inc. Buys 103,665 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• American Century Companies Inc. increased its holdings in BJ's Wholesale Club by 27.5%, owning approximately $54.85 million worth of shares after acquiring additional stocks in the first quarter.
• Several analysts have revised their price targets for BJ's Wholesale Club, with targets ranging from $105.00 to $135.00, while maintaining a consensus rating of "Moderate Buy".
• Insider trading activity reveals that CEO Robert W. Eddy sold 17,900 shares, while Director Steven L. Ortega purchased 1,740 shares, indicating mixed signals from company leadership.

American Century Companies Inc. lifted its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 27.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,701 shares of the company's stock after buying an additional 103,665 shares during the period. American Century Companies Inc. owned about 0.37% of BJ's Wholesale Club worth $54,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BJ. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the first quarter worth about $33,000. HM Payson & Co. bought a new stake in BJ's Wholesale Club during the first quarter worth about $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in BJ's Wholesale Club during the first quarter worth about $43,000. Wayfinding Financial LLC bought a new stake in BJ's Wholesale Club during the first quarter worth about $51,000. Finally, IFP Advisors Inc raised its holdings 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 acquiring an additional 92 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BJ has been the topic of several analyst reports. Citigroup dropped their target price on BJ's Wholesale Club from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Evercore ISI upped their target price on BJ's Wholesale Club from $115.00 to $117.00 and gave the stock an "in-line" rating in a report on Tuesday, August 12th. Gordon Haskett lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Friday, August 15th. Robert W. Baird upped their target price on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, Roth Capital restated a "neutral" rating and issued a $106.00 price objective (up previously from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average target price of $116.82.

BJ's Wholesale Club Price Performance

NYSE:BJ traded down $9.0860 during trading hours on Friday, reaching $97.0740. 9,135,626 shares of the company were exchanged, compared to its average volume of 2,061,989. The company has a market capitalization of $12.82 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.94 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 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The business has a 50 day moving average of $107.17 and a 200 day moving average of $109.99.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The company's revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $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 EPS for the current year.

Insider Activity

In other 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 transaction, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the 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 $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,061 shares of company stock worth $15,027,745. Insiders own 1.40% of the company's stock.

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.