Focus Partners Advisor Solutions LLC Takes $440,000 Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Focus Partners Advisor Solutions LLC has acquired a $440,000 stake in BJ's Wholesale Club by purchasing 3,855 shares, reflecting increased institutional interest in the company.
• Analysts have provided mixed ratings for BJ's Wholesale Club, with UBS and Evercore trimming their price targets while maintaining a "buy" or "hold" rating, indicating a consensus rating of "Moderate Buy."
• Insider transactions showed significant activity, with BJ's CEO and EVP selling over 76,000 shares combined, demonstrating potential concerns regarding the stock's future performance among corporate leaders.

Focus Partners Advisor Solutions LLC bought a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,855 shares of the company's stock, valued at approximately $440,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at approximately $48,000. Night Squared LP purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at approximately $1,712,000. Vident Advisory LLC boosted its stake in shares of BJ's Wholesale Club by 97.5% during the 1st quarter. Vident Advisory LLC now owns 5,632 shares of the company's stock valued at $643,000 after buying an additional 2,780 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at approximately $19,637,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at approximately $2,511,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BJ has been the subject of several research analyst reports. UBS Group reduced their target price 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. Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. Wall Street Zen cut BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Loop Capital restated a "hold" rating and set a $120.00 price objective (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Evercore ISI reduced their price objective on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating on the stock in a research note on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.18.

Insider Transactions at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction dated 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 transaction, the executive vice president directly owned 114,127 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 120,161 shares of company stock worth $13,023,303. 1.40% of the stock is owned by corporate insiders.

BJ's Wholesale Club Price Performance

Shares of BJ opened at $97.06 on Friday. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.58 and a beta of 0.40. 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 one year low of $76.33 and a one year high of $121.10. The stock's fifty day moving average is $104.25 and its 200-day moving average is $109.38.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued 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. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last 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. Equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

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.

Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.