Vestmark Advisory Solutions Inc. Grows Stock Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Vestmark Advisory Solutions Inc. has increased its stake in BJ's Wholesale Club by 101.3%, owning 81,914 shares valued at approximately $9.35 million.
• Insider selling activity has been noted, with CEO Robert W. Eddy and EVP Paul Cichocki selling a combined total of 76,336 shares worth over $8.3 million recently.
• BJ's Wholesale Club reported $1.14 earnings per share for the last quarter, exceeding estimates, while revenues rose 4.8% year-over-year, despite slightly missing expectations.

Vestmark Advisory Solutions Inc. grew its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 101.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,914 shares of the company's stock after buying an additional 41,214 shares during the quarter. Vestmark Advisory Solutions Inc. owned 0.06% of BJ's Wholesale Club worth $9,346,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares during the period. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth $33,000. HM Payson & Co. purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth $43,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth $51,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on BJ. Loop Capital reissued a "hold" rating and issued a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. UBS Group reissued a "buy" rating and issued a $135.00 price target on shares of BJ's Wholesale Club in a research report on Wednesday, August 13th. Roth Capital reissued a "neutral" rating and issued a $106.00 price target (up from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. DA Davidson boosted their price target on BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Gordon Haskett lowered 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 report on Friday. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $115.33.

BJ's Wholesale Club Stock Performance

Shares of BJ stock traded up $0.16 during mid-day trading on Tuesday, reaching $105.12. The stock had a trading volume of 614,521 shares, compared to its average volume of 1,842,892. The business's fifty day moving average is $107.63 and its 200-day moving average is $110.04. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 2.86 and a beta of 0.43. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $76.33 and a 1-year high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The company's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.100-4.30 EPS. On average, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity

In other news, Director Steven L. Ortega acquired 1,740 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $114.60 per share, with a total value of $199,404.00. Following the completion of the acquisition, the director owned 8,641 shares of the company's stock, valued at approximately $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,061 shares of company stock valued at $15,027,745. Company insiders own 1.40% of the company's stock.

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.