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) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,103 shares of the company's stock, valued at approximately $1,153,000.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in BJ's Wholesale Club by 92.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock valued at $2,448,000 after buying an additional 10,326 shares during the period. Contravisory Investment Management Inc. purchased a new stake in BJ's Wholesale Club during the 1st quarter valued at $9,805,000. iSAM Funds UK Ltd purchased a new stake in BJ's Wholesale Club during the 4th quarter valued at $843,000. Colonial River Investments LLC purchased a new stake in BJ's Wholesale Club during the 1st quarter valued at $308,000. Finally, Diversify Wealth Management LLC boosted its position in BJ's Wholesale Club by 30.9% during the 1st quarter. Diversify Wealth Management LLC now owns 12,776 shares of the company's stock valued at $1,488,000 after buying an additional 3,015 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BJ shares. Loop Capital reissued a "hold" rating and set a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Wells Fargo & Company restated an "overweight" rating and issued a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Wall Street Zen lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Evercore ISI decreased their price objective on shares of BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating for the company in a report on Monday, August 25th. Finally, Gordon Haskett lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $113.18.

BJ's Wholesale Club Stock Up 0.5%

Shares of BJ's Wholesale Club stock opened at $97.90 on Friday. 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 50-day moving average of $103.44 and a 200 day moving average of $109.22. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.60 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $78.66 and a 1 year high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.49 billion. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. BJ's Wholesale Club's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity

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 transaction, the chief executive officer directly owned 368,333 shares in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 114,127 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders sold 120,161 shares of company stock valued at $13,023,303. 1.40% of the stock is 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.

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