BJ's Wholesale Club Holdings, Inc. $BJ Holdings Boosted by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors LLC increased its stake in BJ's Wholesale Club by 16.1%, now owning 127,366 shares valued at approximately $13.7 million.
• CEO Robert W. Eddy sold 17,900 shares at an average price of $107.08, reducing his ownership by 4.63% to hold 368,333 shares valued at about $39.4 million.
• BJ's Wholesale Club reported earnings of $1.14 per share for the latest quarter, exceeding estimates, while setting guidance for FY 2025 EPS between $4.20 and $4.35.

Foster Victor Wealth Advisors LLC raised its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,366 shares of the company's stock after acquiring an additional 17,678 shares during the period. Foster Victor Wealth Advisors LLC owned 0.10% of BJ's Wholesale Club worth $13,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group bought a new stake in BJ's Wholesale Club in the second quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC bought a new stake in BJ's Wholesale Club in the 1st quarter valued at about $33,000. HM Payson & Co. acquired a new position in BJ's Wholesale Club during the 1st quarter valued at about $41,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of BJ's Wholesale Club in the first quarter valued at approximately $43,000. Finally, Quarry LP acquired a new stake in shares of BJ's Wholesale Club in the first quarter valued at approximately $48,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction 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 sale, the chief executive officer directly owned 368,333 shares of the company's stock, valued at $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Graham Luce sold 6,300 shares of BJ's Wholesale Club stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares in the company, valued at $1,160,073.62. This represents a 35.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,461 shares of company stock worth $13,652,421. Insiders own 1.40% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock opened at $96.10 on Wednesday. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $81.19 and a 52 week 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. The stock has a market cap of $12.66 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.40. The company's 50-day moving average price is $101.90 and its two-hundred day moving average price is $108.93.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data 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. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The company had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.49 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The business'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. As a group, sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BJ shares. Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Friday, August 15th. Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. UBS Group lowered their price target on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Citigroup reduced their price objective on shares of BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, August 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.63.

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.

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