Campbell & CO Investment Adviser LLC Has $1.76 Million Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in BJ's Wholesale Club by 33.3%, holding $1.76 million worth after selling 7,701 shares during the first quarter.
• Institutional investors own 98.6% of BJ's stock, with several firms acquiring new stakes in the company during the same period.
• BJ's Wholesale Club reported earnings exceeding analysts' expectations, with an EPS of $1.14, despite revenues being slightly below forecasts at $5.38 billion.

Campbell & CO Investment Adviser LLC trimmed its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 33.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,407 shares of the company's stock after selling 7,701 shares during the period. Campbell & CO Investment Adviser LLC's holdings in BJ's Wholesale Club were worth $1,758,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BJ. Evercore ISI cut their price target on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating on the stock in a report on Monday. UBS Group cut their price target on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Monday. Roth Capital reaffirmed a "neutral" rating and issued a $106.00 target price (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Loop Capital reaffirmed a "hold" rating and issued a $120.00 target price (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. lowered their target price on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Stock Up 1.0%

Shares of NYSE:BJ traded up $1.01 during midday trading on Friday, reaching $97.80. The company had a trading volume of 2,087,590 shares, compared to its average volume of 1,931,913. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The business's 50 day moving average price is $106.18 and its 200 day moving average price is $109.75. The stock has a market cap of $12.91 billion, a PE ratio of 22.43, a P/E/G ratio of 2.59 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 results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The business's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the business'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 transaction of $1,916,732.00. Following the transaction, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the transaction, the executive vice president directly owned 114,127 shares in the company, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,061 shares of company stock worth $15,027,745. 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.