BJ's Wholesale Club Holdings, Inc. $BJ Shares Sold by Focus Partners Wealth

Key Points

• Focus Partners Wealth has reduced its stake in BJ's Wholesale Club Holdings by 13.6%, selling 78,269 shares, and now holds 495,959 shares valued at approximately $56.59 million.
• In the latest earnings report, BJ's Wholesale Club beat earnings expectations with $1.14 EPS, though revenues of $5.38 billion fell short of analysts' expectations of $5.49 billion.
• Insider trading activity showed CEO Robert W. Eddy sold 17,900 shares valued at over $1.9 million, reducing his ownership by 4.63%, while total insider sales reached 120,161 shares worth $13 million last quarter.

Focus Partners Wealth cut its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,959 shares of the company's stock after selling 78,269 shares during the period. Focus Partners Wealth owned 0.38% of BJ's Wholesale Club worth $56,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BJ. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the first quarter worth $33,000. HM Payson & Co. acquired a new position in BJ's Wholesale Club in the first quarter valued at approximately $41,000. Bartlett & CO. Wealth Management LLC purchased a new position in BJ's Wholesale Club in the first quarter valued at approximately $43,000. Quarry LP acquired a new stake in BJ's Wholesale Club during the first quarter worth approximately $48,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of BJ's Wholesale Club during the 1st quarter worth approximately $51,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Price Performance

BJ's Wholesale Club stock opened at $97.37 on Thursday. 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 has a 50 day simple moving average of $103.64 and a 200-day simple moving average of $109.26. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $77.08 and a 12 month high of $121.10. The stock has a market capitalization of $12.83 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.60 and a beta of 0.40.

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, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $5.38 billion for 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%. BJ's Wholesale Club's revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity 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 BJ's Wholesale Club stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.08, for a total value of $6,432,634.88. Following the completion of the sale, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,161 shares of company stock worth $13,023,303 in the last quarter. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BJ shares. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Roth Capital reissued a "neutral" rating and issued a $106.00 target price (up from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price target on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. 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, Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus price target of $113.18.

BJ's Wholesale Club 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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