Envestnet Portfolio Solutions Inc. Purchases 8,543 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in BJ's Wholesale Club Holdings by 60.5% during the second quarter, acquiring an additional 8,543 shares, bringing its total holdings to 22,669 shares valued at approximately $2.44 million.
• Corporate insiders have recently sold significant shares, including EVP Graham Luce, who sold 6,300 shares for over $629,000, representing a 35.16% decrease in his ownership.
• BJ's Wholesale Club reported quarterly earnings of $1.14 per share, exceeding analysts' expectations of $1.10, while the company's revenue reached $5.38 billion, slightly below the anticipated $5.49 billion.

Envestnet Portfolio Solutions Inc. grew its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 60.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,669 shares of the company's stock after acquiring an additional 8,543 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in BJ's Wholesale Club were worth $2,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of BJ's Wholesale Club by 92.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock valued at $2,448,000 after acquiring an additional 10,326 shares during the last quarter. Friedenthal Financial bought a new position in shares of BJ's Wholesale Club during the second quarter valued at about $834,000. Colonial River Investments LLC bought a new position in shares of BJ's Wholesale Club during the first quarter valued at about $308,000. Diversify Wealth Management LLC raised its stake 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 raised its stake 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. 98.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Graham Luce sold 6,300 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the sale, the executive vice president owned 11,617 shares in the company, valued at $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the sale, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of BJ opened at $92.99 on Friday. The stock has a market cap of $12.25 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.52 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10. The firm's 50-day simple moving average is $97.26 and its two-hundred day simple moving average is $106.74.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.49 billion. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The business's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BJ shares. 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 research note on Monday, August 25th. Wall Street Zen downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Evercore ISI decreased their price target on shares of 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. Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. Finally, Weiss Ratings downgraded shares of BJ's Wholesale Club from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.65.

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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