Cwm LLC Raises Stock Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Cwm LLC increased its stake in BJ's Wholesale Club Holdings by 21.5% during the second quarter, owning a total of 22,924 shares worth approximately $2.47 million.
• Hedge funds and institutional investors own 98.60% of BJ's stock, highlighting significant interest in the company.
• Recent analyst reports show a majority rating of "Hold" with consensus price target adjustments, reflecting a cautious outlook on the stock.

Cwm LLC grew its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 21.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,924 shares of the company's stock after buying an additional 4,052 shares during the quarter. Cwm LLC's holdings in BJ's Wholesale Club were worth $2,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position 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 buying an additional 10,326 shares in the last quarter. Friedenthal Financial purchased a new stake in BJ's Wholesale Club in the second quarter worth about $834,000. Colonial River Investments LLC purchased a new stake in BJ's Wholesale Club in the first quarter worth about $308,000. Diversify Wealth Management LLC increased its position in BJ's Wholesale Club by 30.9% in the first quarter. Diversify Wealth Management LLC now owns 12,776 shares of the company's stock worth $1,488,000 after buying an additional 3,015 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in BJ's Wholesale Club by 8.3% in the first quarter. Sequoia Financial Advisors LLC now owns 3,245 shares of the company's stock worth $370,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analyst Upgrades and Downgrades

BJ has been the subject of a number of analyst reports. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research report on Friday, August 15th. Wall Street Zen lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Evercore ISI dropped their price objective on BJ's Wholesale Club from $108.00 to $105.00 and set an "in-line" rating for the company in a research note on Tuesday, October 7th. UBS Group dropped their price objective on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Finally, Morgan Stanley dropped their price objective on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a research note on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.65.

Insider Buying and Selling

In related news, EVP Graham Luce sold 6,300 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares of the company's stock, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the executive vice president directly owned 114,127 shares of the company's stock, valued at $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock opened at $94.13 on Friday. The stock has a 50 day moving average of $96.97 and a 200 day moving average of $106.54. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $83.92 and a 12 month high of $121.10. The firm has a market cap of $12.40 billion, a PE ratio of 21.59, a PEG ratio of 2.51 and a beta of 0.36. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, beating 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 company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The firm'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. On average, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal 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.

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