CW Advisors LLC Has $6.54 Million Stake in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• CW Advisors LLC increased its stake in BJ's Wholesale Club by 27.6%, acquiring an additional 12,386 shares during the first quarter, bringing their total holdings to 57,296 shares valued at approximately $6.54 million.
• Analysts have set varying price targets for BJ's Wholesale Club, with DA Davidson raising their target from $130.00 to $140.00, while JPMorgan Chase increased theirs from $109.00 to $123.00, reflecting a general optimism about the stock's future.
• BJ's Wholesale Club reported $1.14 earnings per share for the last quarter, surpassing estimates, despite revenue falling short of projections at $5.38 billion, indicating a mixed financial performance.

CW Advisors LLC lifted its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 27.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,296 shares of the company's stock after buying an additional 12,386 shares during the quarter. CW Advisors LLC's holdings in BJ's Wholesale Club were worth $6,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC raised its stake in BJ's Wholesale Club by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company's stock valued at $387,009,000 after purchasing an additional 43,106 shares during the last quarter. Bessemer Group Inc. raised its stake in BJ's Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after purchasing an additional 1,662,415 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in BJ's Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock valued at $368,393,000 after purchasing an additional 741,782 shares during the last quarter. Bank of New York Mellon Corp raised its stake in BJ's Wholesale Club by 199.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock valued at $340,759,000 after purchasing an additional 1,989,980 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in BJ's Wholesale Club by 3.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,420,468 shares of the company's stock valued at $126,919,000 after purchasing an additional 49,299 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Citigroup lowered 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 report on Monday. Evercore ISI lowered 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 report on Monday. Jefferies Financial Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a report on Friday. Finally, Roth Capital reissued a "neutral" rating and set a $106.00 price objective (up previously from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.18.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 368,333 shares of the company's stock, valued at $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction 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 directly owned 114,127 shares in the company, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,061 shares of company stock worth $15,027,745. Insiders own 1.40% of the company's stock.

BJ's Wholesale Club Stock Up 1.2%

BJ traded up $1.15 during trading on Wednesday, reaching $97.30. The company had a trading volume of 2,507,611 shares, compared to its average volume of 1,924,640. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The business's fifty day moving average price is $106.63 and its 200 day moving average price is $109.90. The company has a market cap of $12.85 billion, a P/E ratio of 22.32, a PEG ratio of 2.55 and a beta of 0.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating 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 analyst estimates of $5.49 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The business's revenue 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. Equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

About BJ's Wholesale Club

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.