Friedenthal Financial Takes Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Friedenthal Financial acquired a new stake in BJ's Wholesale Club, purchasing 7,732 shares valued at approximately $834,000 in the second quarter.
• Several large investors have significantly increased their stakes in BJ's Wholesale Club, with Bank of New York Mellon Corp raising its holdings by 199.7% in the first quarter.
• BJ's Wholesale Club reported earnings of $1.14 per share for the last quarter, surpassing analysts’ expectations, and has set its fiscal year 2025 EPS guidance at 4.200-4.35.

Friedenthal Financial acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,732 shares of the company's stock, valued at approximately $834,000.

A number of other large investors have also added to or reduced their stakes in BJ. Bank of New York Mellon Corp raised its holdings in BJ's Wholesale Club by 199.7% in 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 buying an additional 1,989,980 shares during the last quarter. Bessemer Group Inc. raised its holdings in BJ's Wholesale Club by 65.9% in the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after buying an additional 1,662,415 shares during the last quarter. Select Equity Group L.P. raised its holdings in BJ's Wholesale Club by 1,230.1% in the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock valued at $198,458,000 after buying an additional 1,608,571 shares during the last quarter. Wellington Management Group LLP raised its holdings in BJ's Wholesale Club by 449.6% during the 1st quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company's stock worth $128,477,000 after purchasing an additional 921,139 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in BJ's Wholesale Club by 195.6% during the 1st quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company's stock worth $136,019,000 after purchasing an additional 792,808 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Insider Activity

In other news, EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 114,127 shares in the company, valued at $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Graham Luce sold 6,300 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the sale, the executive vice president owned 11,617 shares in the company, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,561 shares of company stock worth $11,735,689. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

BJ has been the subject of several analyst reports. Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. UBS Group lowered their price target on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a report on Monday, August 25th. Citigroup lowered their price objective on shares of BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Evercore ISI lowered their price objective 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. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of BJ's Wholesale Club in a research note on Saturday, September 27th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.31.

BJ's Wholesale Club Stock Performance

NYSE BJ opened at $90.01 on Wednesday. The company has a fifty day simple moving average of $99.45 and a 200 day simple moving average of $107.67. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $83.92 and a 12-month high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.86 billion, a P/E ratio of 20.64, a PEG ratio of 2.40 and a beta of 0.36.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.49 billion. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. BJ's Wholesale Club's revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share 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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