Belpointe Asset Management LLC Purchases Shares of 10,103 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Belpointe Asset Management LLC acquired 10,103 shares of BJ's Wholesale Club Holdings, Inc. valued at approximately $1.15 million in the 1st quarter.
• Despite some positive outlooks from analysts, the stock has experienced a mix of ratings, with ten analysts rating it as a Buy and nine as a Hold, reflecting a current average target price of $113.18.
• The company's recent earnings report showed an EPS of $1.14, slightly exceeding estimates, but revenue of $5.38 billion fell short of the $5.49 billion forecast.

Belpointe Asset Management LLC purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,103 shares of the company's stock, valued at approximately $1,153,000.

A number of other hedge funds have also bought and sold shares of BJ. Bank of New York Mellon Corp increased its stake in shares of BJ's Wholesale Club by 199.7% in the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after acquiring an additional 1,989,980 shares during the period. Bessemer Group Inc. increased its stake in shares of BJ's Wholesale Club by 65.9% in the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock worth $477,709,000 after acquiring an additional 1,662,415 shares during the period. Select Equity Group L.P. increased its stake in shares of BJ's Wholesale Club by 1,230.1% in the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock worth $198,458,000 after acquiring an additional 1,608,571 shares during the period. Wellington Management Group LLP increased its stake in shares of BJ's Wholesale Club by 449.6% in the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company's stock worth $128,477,000 after acquiring an additional 921,139 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of BJ's Wholesale Club by 195.6% in the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company's stock worth $136,019,000 after acquiring an additional 792,808 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of 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. JPMorgan Chase & Co. dropped their price target 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. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price objective (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. DA Davidson lowered their target price on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. 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 0.1%

BJ's Wholesale Club stock traded up $0.12 during mid-day trading on Wednesday, hitting $99.56. The company had a trading volume of 546,656 shares, compared to its average volume of 1,928,344. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.66 and a beta of 0.40. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $80.08 and a 1 year high of $121.10. The business has a fifty day moving average of $102.86 and a 200 day moving average of $109.23.

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, beating analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.49 billion. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The business's revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Transactions at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was 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 of the company's stock, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their position. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the sale, the executive vice president owned 114,127 shares in the company, 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. In the last 90 days, insiders sold 120,161 shares of company stock valued at $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.