Crescent Park Management L.P. Acquires New Stake in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Crescent Park Management L.P. has made a new investment in BJ's Wholesale Club, acquiring 19,559 shares valued at approximately $2.23 million, representing about 1.0% of its investment portfolio.
• Several hedge funds have recently increased their stakes in BJ's Wholesale Club, with notable investments including a 173.9% increase by Kestra Advisory Services LLC.
• Analysts have mixed ratings on the stock, with price targets ranging from $120.00 to $140.00 and a consensus rating of "Moderate Buy."

Crescent Park Management L.P. bought a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,559 shares of the company's stock, valued at approximately $2,232,000. BJ's Wholesale Club makes up approximately 1.0% of Crescent Park Management L.P.'s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in BJ. Wealth Enhancement Advisory Services LLC boosted its holdings in BJ's Wholesale Club by 92.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock worth $2,448,000 after acquiring an additional 10,326 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in BJ's Wholesale Club in the first quarter worth approximately $9,805,000. iSAM Funds UK Ltd bought a new position in BJ's Wholesale Club in the fourth quarter worth approximately $843,000. FORA Capital LLC bought a new position in BJ's Wholesale Club in the fourth quarter worth approximately $936,000. Finally, Colonial River Investments LLC bought a new position in BJ's Wholesale Club in the first quarter worth approximately $308,000. Institutional investors own 98.60% of the company's stock.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was 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 $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul Cichocki sold 58,436 shares of the firm's stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,061 shares of company stock valued at $15,027,745 over the last three months. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Stock Performance

Shares of BJ traded down $0.84 on Thursday, reaching $96.33. 733,841 shares of the company's stock traded hands, compared to its average volume of 1,922,942. 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 $12.72 billion, a PE ratio of 22.08, a PEG ratio of 2.56 and a beta of 0.43. The stock's 50 day simple moving average is $106.41 and its two-hundred day simple moving average is $109.81. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results 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 return on equity of 30.40% and a net margin of 2.77%.The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.49 billion. During the same period last year, the business posted $1.09 earnings per share. The business's revenue for the quarter was up 3.2% on a year-over-year basis. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BJ has been the topic of several recent research reports. Morgan Stanley cut their price target on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday. DA Davidson cut their price target on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a report on Monday. UBS Group dropped their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Monday. Loop Capital restated a "hold" rating and issued a $120.00 target price (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.18.

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.