Fox Run Management L.L.C. Has $911,000 Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Fox Run Management L.L.C. reduced its holdings in BJ's Wholesale Club by 43.0%, selling 6,023 shares during the first quarter, leaving them with 7,986 shares worth approximately $911,000.
• Several hedge funds increased their stakes in BJ's Wholesale Club, including Bessemer Group Inc., which lifted its stake by 65.9% to own 4,186,760 shares valued at $477,709,000.
• Analysts have varying outlooks on BJ's stock, with target prices ranging from $43.00 to $140.00, and a consensus rating of "Hold" with an average target price of $111.06.

Fox Run Management L.L.C. reduced its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 43.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,986 shares of the company's stock after selling 6,023 shares during the quarter. Fox Run Management L.L.C.'s holdings in BJ's Wholesale Club were worth $911,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, Director Steven L. Ortega bought 1,740 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $114.60 per share, with a total value of $199,404.00. Following the completion of the transaction, the director directly owned 8,641 shares of the company's stock, valued at $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the company'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 transaction, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,061 shares of company stock valued at $15,027,745 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BJ. Wells Fargo & Company reaffirmed an "overweight" rating and set a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Roth Capital reissued a "neutral" rating and issued a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. Evercore ISI lifted their price target on BJ's Wholesale Club from $115.00 to $117.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 12th. Wall Street Zen cut BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. lifted their price target on BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.33.

BJ's Wholesale Club Stock Up 2.7%

Shares of NYSE BJ traded up $2.8470 during trading hours on Wednesday, hitting $107.3870. The stock had a trading volume of 1,295,073 shares, compared to its average volume of 1,847,025. The company has a market capitalization of $14.18 billion, a P/E ratio of 25.00, a P/E/G ratio of 2.91 and a beta of 0.43. The firm's 50-day moving average price is $107.54 and its two-hundred day moving average price is $110.00. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.100-4.30 EPS. Analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

About BJ's Wholesale Club

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.