Concurrent Investment Advisors LLC Buys Shares of 3,259 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Concurrent Investment Advisors LLC acquired 3,259 shares of BJ's Wholesale Club Holdings, Inc. for approximately $351,000 in the second quarter, reflecting a growing interest in the stock among institutional investors.
• Research analysts have given BJ's Wholesale Club an average rating of "Moderate Buy", with a consensus price target of $114.65, indicating positive sentiment in the market despite recent target price adjustments.
• In their latest quarterly earnings report, BJ's Wholesale Club reported $1.14 EPS, surpassing estimates, while revenues decreased slightly to $5.38 billion compared to expectations.

Concurrent Investment Advisors LLC purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 3,259 shares of the company's stock, valued at approximately $351,000.

A number of other hedge funds have also recently made changes to their positions in BJ. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of BJ's Wholesale Club during the 2nd quarter valued at $26,000. REAP Financial Group LLC grew its position in shares of BJ's Wholesale Club by 152.5% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company's stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new position in shares of BJ's Wholesale Club during the 2nd quarter valued at $35,000. Finally, HM Payson & Co. purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at $41,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BJ shares. BTIG Research started coverage on shares of BJ's Wholesale Club in a research report on Tuesday, October 14th. They set a "buy" rating and a $120.00 price target for the company. Citigroup cut their target price on shares of 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. DA Davidson cut their target price on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Jefferies Financial Group reiterated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. Finally, Wall Street Zen lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $114.65.

BJ's Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $94.13 on Monday. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36. The company has a 50-day moving average price of $96.97 and a 200-day moving average price of $106.45. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $83.92 and a 12 month high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Friday, August 22nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.49 billion. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.08, for a total value of $6,432,634.88. Following the sale, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Graham Luce sold 6,300 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the sale, the executive vice president owned 11,617 shares in the company, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

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.

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