Curi RMB Capital LLC Increases Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Curi RMB Capital LLC has increased its stake in BJ's Wholesale Club by 2.7%, owning a total of 159,262 shares worth approximately $18.17 million after acquiring an additional 4,208 shares.
• Recent analyst ratings show a mixed outlook, with ten analysts providing a "buy" rating and a consensus target price of $113.18, while JPMorgan Chase & Co. lowered its price target from $113.00 to $110.00.
• Insider selling has occurred recently, including an EVP who sold 58,436 shares, reducing their position by 33.86%, highlighting potential concerns about company performance.

Curi RMB Capital LLC lifted its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 159,262 shares of the company's stock after buying an additional 4,208 shares during the quarter. Curi RMB Capital LLC owned approximately 0.12% of BJ's Wholesale Club worth $18,172,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new position in BJ's Wholesale Club in the 1st quarter worth about $33,000. HM Payson & Co. purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth approximately $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth approximately $43,000. Quarry LP purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth approximately $48,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth approximately $51,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of NYSE:BJ traded up $2.03 during midday trading on Monday, hitting $99.03. The company's stock had a trading volume of 2,640,868 shares, compared to its average volume of 1,949,706. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. The business's 50 day simple moving average is $104.25 and its 200 day simple moving average is $109.44. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $76.52 and a 12-month high of $121.10. The company has a market cap of $13.05 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.59 and a beta of 0.40.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $1.14 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 company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. BJ's Wholesale Club'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, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analysts Set New Price Targets

BJ has been the subject of a number of analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. Gordon Haskett cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research report on Friday, August 15th. Loop Capital reissued a "hold" rating and set a $120.00 target price (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Morgan Stanley decreased their price target on shares of BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a report on Monday, August 25th. Finally, UBS Group decreased their price target on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a report on Monday, August 25th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and an average price target of $113.18.

Insider Buying and Selling

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Cichocki sold 58,436 shares of the business'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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 120,161 shares of company stock valued at $13,023,303 in the last 90 days. Company 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.