Gateway Investment Advisers LLC Has $320,000 Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Gateway Investment Advisers LLC reduced its holdings in BJ's Wholesale Club by 76.3%, selling 9,519 shares, leaving them with approximately 2,963 shares valued at $320,000.
• Insider sales included CEO Robert W. Eddy selling 17,900 shares for about $1.92 million, and EVP Paul Cichocki selling 58,436 shares for over $6.43 million.
• BJ's Wholesale Club reported earnings per share of $1.14, surpassing analysts' estimates, while their quarterly revenue increased 3.2% year-over-year, totaling $5.38 billion.

Gateway Investment Advisers LLC lessened its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 76.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,963 shares of the company's stock after selling 9,519 shares during the period. Gateway Investment Advisers LLC's holdings in BJ's Wholesale Club were worth $320,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BJ. Atlantic Edge Private Wealth Management LLC bought a new position in BJ's Wholesale Club in the 1st quarter worth approximately $33,000. HM Payson & Co. acquired a new stake in shares of BJ's Wholesale Club in the first quarter worth $41,000. Bartlett & CO. Wealth Management LLC bought a new position in BJ's Wholesale Club during the first quarter worth $43,000. Quarry LP acquired a new position in BJ's Wholesale Club during the 1st quarter valued at $48,000. Finally, Wayfinding Financial LLC bought a new stake in BJ's Wholesale Club in the 1st quarter valued at $51,000. Institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of research analyst reports. Roth Capital reaffirmed a "neutral" rating and set a $106.00 price objective (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Evercore ISI cut their price target on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating for the company in a report on Monday, August 25th. Citigroup reduced their price objective on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Morgan Stanley decreased their price objective on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday, August 25th. Finally, Wall Street Zen lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Price Performance

Shares of BJ traded up $0.49 during mid-day trading on Monday, reaching $96.52. The company had a trading volume of 2,179,170 shares, compared to its average volume of 2,168,647. 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 company has a market capitalization of $12.72 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.56 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $80.47 and a twelve month high of $121.10. The company's 50-day moving average is $102.09 and its 200-day moving average is $109.02.

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 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 business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. BJ's Wholesale Club's quarterly 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, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the company's 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 sale, the chief executive officer directly owned 368,333 shares in the company, valued at $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,461 shares of company stock valued at $13,652,421. 1.40% of the stock is owned by insiders.

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.