Congress Asset Management Co. Buys 14,406 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Congress Asset Management Co. increased its stake in BJ's Wholesale Club by 5.7%, purchasing an additional 14,406 shares in the second quarter, now owning approximately 0.20% of the company worth around $28.97 million.
• Several analysts have downgraded their target prices for BJ's Wholesale Club, with Citigroup lowering it from $120 to $115, maintaining a "buy" rating, while the stock has a consensus rating of "Moderate Buy" with a target price of $114.63.
• CEO Robert W. Eddy and EVP Paul Cichocki sold substantial shares of the company, with Eddy reducing his holdings by 4.63% after selling 17,900 shares, amidst insider trades totaling 126,461 shares worth over $13.65 million in the last three months.

Congress Asset Management Co. boosted its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 5.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,629 shares of the company's stock after buying an additional 14,406 shares during the quarter. Congress Asset Management Co. owned approximately 0.20% of BJ's Wholesale Club worth $28,966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group bought a new stake in BJ's Wholesale Club during the 2nd quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC bought a new stake in BJ's Wholesale Club during the 1st quarter valued at about $33,000. HM Payson & Co. bought a new stake in BJ's Wholesale Club during the 1st quarter valued at about $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in BJ's Wholesale Club during the 1st quarter valued at about $43,000. Finally, Quarry LP bought a new stake in BJ's Wholesale Club during the 1st quarter valued at about $48,000. Institutional investors own 98.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup cut their target price on shares of BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock 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 on the stock in a research report on Monday, August 25th. UBS Group cut their target price on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Evercore ISI cut their target price on shares of BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating on the stock in a research report on Monday, August 25th. Finally, Morgan Stanley cut their target price on shares of BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Monday, August 25th. Nine 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.63.

BJ's Wholesale Club Stock Down 0.8%

Shares of BJ's Wholesale Club stock opened at $93.07 on Friday. The firm's 50 day moving average price is $101.24 and its 200-day moving average price is $108.55. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $81.63 and a 52-week high of $121.10. The company has a market cap of $12.26 billion, a P/E ratio of 21.35, a PEG ratio of 2.50 and a beta of 0.40.

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

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction that occurred on 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 in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the completion of the sale, the executive vice president owned 114,127 shares of the company's stock, valued at $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 126,461 shares of company stock worth $13,652,421 in the last three months. Corporate insiders own 1.40% of the company's stock.

BJ's Wholesale Club Company 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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