Boston Partners Has $15.08 Million Stake in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Boston Partners increased its stake in BJ's Wholesale Club by 3.6%, acquiring an additional 4,649 shares, bringing their total holdings to 132,170 shares valued at approximately $15.08 million.
• Multiple analysts have raised their price targets for BJ's Wholesale Club, with Wells Fargo setting a target of $127 and JPMorgan raising theirs to $123, indicating a generally positive outlook for the stock.
• In recent insider trading, CEO Robert W. Eddy sold 17,900 shares while EVP Paul Cichocki sold 58,436 shares, highlighting notable activity among company executives.

Boston Partners grew its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 132,170 shares of the company's stock after acquiring an additional 4,649 shares during the period. Boston Partners owned 0.10% of BJ's Wholesale Club worth $15,081,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new position in shares of BJ's Wholesale Club in the 1st quarter valued at $33,000. HM Payson & Co. bought a new position in BJ's Wholesale Club during the 1st quarter worth $41,000. Bartlett & CO. Wealth Management LLC bought a new position in BJ's Wholesale Club during the 1st quarter worth $43,000. Wayfinding Financial LLC bought a new position in BJ's Wholesale Club during the 1st quarter worth $51,000. Finally, IFP Advisors Inc raised its position in BJ's Wholesale Club by 22.0% during the 1st quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after purchasing an additional 92 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BJ shares. Robert W. Baird raised their target price on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Evercore ISI raised their target price on BJ's Wholesale Club from $115.00 to $117.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. raised their target price on BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. DA Davidson raised their target price 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, Loop Capital reaffirmed a "hold" rating and set a $120.00 target price (up from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average target price of $115.33.

BJ's Wholesale Club Trading Up 2.6%

Shares of BJ stock traded up $2.6980 during mid-day trading on Wednesday, hitting $107.2380. The company's stock had a trading volume of 1,227,414 shares, compared to its average volume of 1,846,577. The company's fifty day simple moving average is $107.54 and its 200-day simple moving average 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. The company has a market cap of $14.16 billion, a PE ratio of 24.88, a P/E/G ratio of 2.91 and a beta of 0.43.

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

Insider Activity

In other news, Director Steven L. Ortega bought 1,740 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director directly owned 8,641 shares in the company, valued at approximately $990,258.60. This represents a 25.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the firm's 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 sale, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $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. Insiders sold a total of 138,061 shares of company stock worth $15,027,745 in the last three months. Company insiders own 1.40% of the company's stock.

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.