Kayne Anderson Rudnick Investment Management LLC Has $498.22 Million Stock Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in BJ's Wholesale Club by 0.8%, holding approximately 4.37 million shares worth about $498 million, making it the company's 26th largest investment.
• Analyst ratings for BJ's Wholesale Club vary, with several firms maintaining a "buy" rating but recent downgrades have placed it at a "hold," reflecting mixed market sentiment.
• BJ's Wholesale Club reported $1.14 earnings per share for the last quarter, surpassing estimates, though revenue fell short of expectations at $5.38 billion.

Kayne Anderson Rudnick Investment Management LLC increased its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,366,509 shares of the company's stock after purchasing an additional 35,130 shares during the quarter. BJ's Wholesale Club makes up 1.2% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 26th biggest position. Kayne Anderson Rudnick Investment Management LLC owned 3.32% of BJ's Wholesale Club worth $498,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the first quarter worth about $33,000. HM Payson & Co. acquired a new stake in BJ's Wholesale Club in the first quarter worth about $41,000. Bartlett & CO. Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the first quarter worth about $43,000. Wayfinding Financial LLC acquired a new stake in BJ's Wholesale Club in the first quarter worth about $51,000. Finally, IFP Advisors Inc increased its position in BJ's Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after purchasing an additional 92 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BJ has been the topic of several analyst reports. Evercore ISI cut their target price on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating on the stock in a research note on Monday. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research note on Friday, August 15th. Wall Street Zen cut BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, UBS Group lowered their price target on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and a consensus price target of $113.18.

BJ's Wholesale Club Stock Up 1.2%

BJ traded up $1.15 during trading on Wednesday, reaching $97.30. The company had a trading volume of 2,525,157 shares, compared to its average volume of 2,657,395. The company has a market cap of $12.85 billion, a P/E ratio of 22.32, a PEG ratio of 2.56 and a beta of 0.43. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. 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 business's fifty day moving average price is $106.41 and its 200 day moving average price is $109.81.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The firm 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%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares in the company, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul Cichocki sold 58,436 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 114,127 shares of the company's stock, valued at $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 138,061 shares of company stock valued at $15,027,745. 1.40% of the stock is owned by corporate insiders.

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.