Driehaus Capital Management LLC Makes New Investment in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Driehaus Capital Management LLC invested approximately $19.64 million in BJ's Wholesale Club Holdings, acquiring over 172,000 shares during the first quarter.
• Analysts have mixed ratings on BJ's stock, with target prices ranging from $105.00 to $120.00, indicating a current average rating of "Moderate Buy."
• BJ's Wholesale Club reported quarterly earnings of $1.14 EPS, exceeding expectations, but revenue of $5.38 billion fell short of analyst estimates.

Driehaus Capital Management LLC purchased a new position in 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 purchased 172,102 shares of the company's stock, valued at approximately $19,637,000. Driehaus Capital Management LLC owned about 0.13% of BJ's Wholesale Club as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in shares of BJ's Wholesale Club by 22.0% during the 1st quarter. IFP Advisors Inc now owns 510 shares of the company's stock valued at $58,000 after buying an additional 92 shares during the period. Greenleaf Trust raised its holdings in BJ's Wholesale Club by 4.3% in the 1st quarter. Greenleaf Trust now owns 2,450 shares of the company's stock worth $280,000 after purchasing an additional 101 shares during the period. CreativeOne Wealth LLC lifted its position in BJ's Wholesale Club by 2.9% during the first quarter. CreativeOne Wealth LLC now owns 3,636 shares of the company's stock valued at $415,000 after purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its position in BJ's Wholesale Club by 3.5% during the first quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company's stock valued at $352,000 after purchasing an additional 104 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in BJ's Wholesale Club by 1.1% during the first quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock valued at $1,096,000 after purchasing an additional 109 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded down $0.08 during trading hours on Thursday, hitting $96.15. The stock had a trading volume of 927,346 shares, compared to its average volume of 1,933,534. 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 current ratio of 0.79 and a quick ratio of 0.17. The stock's 50-day moving average price is $104.93 and its two-hundred day moving average price is $109.50. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.60 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.49 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business's 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. Equities analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity

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 stock was sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the sale, the chief executive officer directly 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 legal filing with the SEC, which is available through 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 value of $6,432,634.88. Following the sale, the executive vice president directly owned 114,127 shares in the company, 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. Insiders sold 120,161 shares of company stock worth $13,023,303 over the last ninety days. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company reiterated an "overweight" rating and set a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Wall Street Zen downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Evercore ISI lowered their target price on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating on the stock in a research report on Monday, August 25th. Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research report on Friday, August 15th. Finally, Citigroup lowered their target price on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and an average 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.