Credit Agricole S A Makes New $3.75 Million Investment in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Credit Agricole S A has acquired 32,876 shares of BJ's Wholesale Club Holdings, Inc., valued at approximately $3,751,000, marking a new investment in the company.
• Several institutional investors, including IFP Advisors Inc and Greenleaf Trust, have also increased their holdings in BJ's, reflecting growing interest in the stock.
• BJ's Wholesale Club reported earnings of $1.14 per share, surpassing analysts' expectations, along with a revenue of $5.38 billion for the quarter.

Credit Agricole S A acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 32,876 shares of the company's stock, valued at approximately $3,751,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Atlantic Edge Private Wealth Management LLC purchased a new position in BJ's Wholesale Club during the 1st quarter valued at about $33,000. HM Payson & Co. bought a new position in shares of BJ's Wholesale Club in the first quarter valued at approximately $41,000. Bartlett & CO. Wealth Management LLC purchased a new position in BJ's Wholesale Club during the first quarter valued at approximately $43,000. Wayfinding Financial LLC purchased a new position in BJ's Wholesale Club during the first quarter valued at approximately $51,000. Finally, IFP Advisors Inc increased its holdings in BJ's Wholesale Club by 22.0% during the 1st quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 1.2%

Shares of BJ stock traded down $1.12 on Thursday, hitting $96.05. 526,294 shares of the company's stock traded hands, compared to its average volume of 1,921,921. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.56 and a beta of 0.43. The company's fifty day simple moving average is $106.41 and its 200 day simple moving average is $109.81. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10. 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 (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Friday, August 22nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 3.2% on a year-over-year basis. 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. Equities analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on BJ shares. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 price target (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Citigroup dropped 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 note on Monday. DA Davidson decreased their target price on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a research note on Monday. Wall Street Zen downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Robert W. Baird boosted their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.18.

Insider Buying and Selling

In other news, EVP Paul Cichocki sold 58,436 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. This trade 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 is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,061 shares of company stock valued at $15,027,745. 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.