Concentric Capital Strategies LP Acquires Shares of 31,723 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Concentric Capital Strategies LP has invested $3.62 million in BJ's Wholesale Club, acquiring approximately 31,723 shares, as disclosed in their Form 13F filing with the SEC.
• Several institutional investors have increased their stakes in BJ's, with Bessemer Group Inc. showing the highest increase at 65.9%, now owning 4.2 million shares valued at $477.7 million.
• In recent earnings, BJ's Wholesale Club reported EPS of $1.14, surpassing analysts' expectations of $1.10, along with revenues of $5.38 billion, which were below the forecast of $5.49 billion.

Concentric Capital Strategies LP bought a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 31,723 shares of the company's stock, valued at approximately $3,620,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in BJ's Wholesale Club during the 1st quarter worth $33,000. HM Payson & Co. acquired a new position in BJ's Wholesale Club during the 1st quarter worth $41,000. Bartlett & CO. Wealth Management LLC acquired a new position in BJ's Wholesale Club during the 1st quarter worth $43,000. Quarry LP acquired a new position in BJ's Wholesale Club during the 1st quarter worth $48,000. Finally, Wayfinding Financial LLC acquired a new position in BJ's Wholesale Club during the 1st quarter worth $51,000. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Roth Capital reissued a "neutral" rating and set a $106.00 target price (up from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. Robert W. Baird upped their price objective 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. Citigroup lowered their price objective on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Jefferies Financial Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. Finally, Evercore ISI lowered their price objective on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating for the company in a research report on Monday, August 25th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $113.18.

BJ's Wholesale Club Stock Down 1.7%

Shares of NYSE:BJ traded down $1.72 on Tuesday, hitting $97.27. 778,962 shares of the company's stock were exchanged, compared to its average volume of 1,942,607. The company has a market capitalization of $12.82 billion, a PE ratio of 22.30, a P/E/G ratio of 2.59 and a beta of 0.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $77.08 and a 1-year high of $121.10. The firm's 50-day moving average is $104.07 and its 200 day moving average is $109.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The firm had revenue of $5.38 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Transactions at BJ's Wholesale Club

In related news, EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 114,127 shares of the company's stock, valued at $12,563,100.16. This represents a 33.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the company'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 directly 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. Over the last three months, insiders sold 120,161 shares of company stock valued at $13,023,303. Insiders own 1.40% of the company's stock.

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.