Cookson Peirce & Co. Inc. Buys Shares of 7,446 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Cookson Peirce & Co. Inc. has acquired a stake in BJ's Wholesale Club, purchasing 7,446 shares valued at approximately $803,000 during the second quarter.
• Several hedge funds, including Oliver Lagore Vanvalin Investment Group and REAP Financial Group LLC, have also increased their investments in BJ's Wholesale Club, with institutional investors owning 98.60% of the company's stock.
• Analysts have recently adjusted their price targets for BJ's Wholesale Club, with Morgan Stanley and JPMorgan Chase lowering theirs, while the stock currently holds a mixed rating of "Moderate Buy" with an average target price of $114.65.

Cookson Peirce & Co. Inc. bought 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 filing with the Securities and Exchange Commission. The fund bought 7,446 shares of the company's stock, valued at approximately $803,000.

A number of other hedge funds have also recently modified their holdings of BJ. Oliver Lagore Vanvalin Investment Group bought a new position in shares of BJ's Wholesale Club during the 2nd quarter valued at about $26,000. REAP Financial Group LLC raised its position in BJ's Wholesale Club by 152.5% in the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company's stock worth $27,000 after purchasing an additional 151 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new position in BJ's Wholesale Club in the 1st quarter worth about $33,000. Ameritas Advisory Services LLC bought a new position in shares of BJ's Wholesale Club during the second quarter valued at approximately $35,000. Finally, HM Payson & Co. bought a new position in shares of BJ's Wholesale Club during the first quarter valued at approximately $41,000. Institutional investors own 98.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BJ shares. Morgan Stanley dropped their price objective 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 note on Monday, August 25th. Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. JPMorgan Chase & Co. lowered their price objective on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. DA Davidson lowered their price objective on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Finally, Wall Street Zen lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $114.65.

Insider Activity at BJ's Wholesale Club

In other news, EVP Graham Luce sold 6,300 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the transaction, the executive vice president directly owned 11,617 shares in the company, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the company'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 transaction of $6,432,634.88. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

BJ's Wholesale Club Stock Down 0.0%

Shares of NYSE BJ opened at $93.98 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The stock has a market cap of $12.38 billion, a PE ratio of 21.56, a P/E/G ratio of 2.50 and a beta of 0.36. The company has a 50-day moving average of $96.23 and a 200 day moving average of $106.13. 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 posted its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. BJ's Wholesale Club's revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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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