BJ's Wholesale Club Holdings, Inc. $BJ Shares Acquired by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in BJ's Wholesale Club by 0.9%, owning approximately 965,633 shares worth $110.18 million as of the most recent quarter.
• Insider transactions show CEO Robert W. Eddy sold 17,900 shares at an average price of $107.08, while EVP Paul Cichocki sold 58,436 shares at $110.08, indicating significant activity from executives.
• BJ's Wholesale Club reported earnings per share (EPS) of $1.14 for its latest quarter, exceeding expectations and reflecting a 4.8% revenue increase compared to the previous year.

Raymond James Financial Inc. grew its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 965,633 shares of the company's stock after purchasing an additional 8,157 shares during the period. Raymond James Financial Inc. owned about 0.73% of BJ's Wholesale Club worth $110,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BJ. Atlantic Edge Private Wealth Management LLC purchased a new stake in BJ's Wholesale Club in the first quarter worth $33,000. HM Payson & Co. bought a new stake in BJ's Wholesale Club during the first quarter valued at about $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in BJ's Wholesale Club during the first quarter valued at 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 boosted its holdings 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 acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Insider Buying and Selling

In other news, Director Steven L. Ortega purchased 1,740 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director directly owned 8,641 shares of the company's stock, valued at $990,258.60. This represents a 25.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,916,732.00. Following the sale, the chief executive officer directly 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. Insiders have sold 138,061 shares of company stock worth $15,027,745 in the last quarter. 1.40% of the stock is owned by insiders.

BJ's Wholesale Club Stock Down 8.6%

NYSE BJ traded down $9.0860 during trading hours on Friday, hitting $97.0740. 9,135,626 shares of the company were exchanged, compared to its average volume of 2,061,989. The company has a 50 day moving average of $107.17 and a two-hundred day moving average of $109.99. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.94 and a beta of 0.43.

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 for the quarter, topping the consensus estimate of $1.10 by $0.04. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter in the prior year, the business earned $1.09 EPS. BJ's Wholesale Club's revenue was up 3.2% on a year-over-year basis. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BJ. Roth Capital reaffirmed a "neutral" rating and set a $106.00 target price (up previously from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. UBS Group restated a "buy" rating and issued a $135.00 price objective on shares of BJ's Wholesale Club in a research report on Wednesday, August 13th. Morgan Stanley boosted their price objective on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Wells Fargo & Company reiterated an "overweight" rating and set a $127.00 price target (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Finally, Citigroup lowered their price objective on BJ's Wholesale Club from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and an average price target of $116.82.

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.