Geneos Wealth Management Inc. Increases Stock Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Geneos Wealth Management Inc. dramatically increased its stake in BJ's Wholesale Club by 23,894.5%, resulting in ownership of 30,473 shares valued at approximately $3.48 million.
• BJ's Wholesale Club reported $1.14 EPS for the recent quarter, exceeding analyst predictions, although revenue fell short of expectations at $5.38 billion.
• Analyst ratings for BJ's Wholesale Club have varied, with recent upgrades setting a target price between $105 and $130, with a consensus rating of "Moderate Buy."

Geneos Wealth Management Inc. increased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 23,894.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,473 shares of the company's stock after buying an additional 30,346 shares during the period. Geneos Wealth Management Inc.'s holdings in BJ's Wholesale Club were worth $3,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in BJ's Wholesale Club by 0.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company's stock valued at $498,219,000 after purchasing an additional 35,130 shares in the last quarter. Bessemer Group Inc. lifted 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 purchasing an additional 1,662,415 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in BJ's Wholesale Club by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock valued at $368,393,000 after purchasing an additional 741,782 shares in the last quarter. Bank of New York Mellon Corp lifted 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 purchasing an additional 1,989,980 shares in the last quarter. Finally, Select Equity Group L.P. lifted 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 purchasing an additional 1,608,571 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Down 0.2%

Shares of BJ opened at $97.37 on Thursday. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $77.08 and a 52-week high of $121.10. The company has a market capitalization of $12.83 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.60 and a beta of 0.40. The stock has a fifty day simple moving average of $103.64 and a two-hundred day simple moving average of $109.26. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19.

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 analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.49 billion. During the same period last year, the company earned $1.09 EPS. The company's revenue for the quarter 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. As a group, equities analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on BJ. Robert W. Baird raised their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Wells Fargo & Company restated an "overweight" rating and issued a $127.00 price objective (up previously from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Gordon Haskett lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a report on Friday, August 15th. Finally, Wall Street Zen downgraded 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's stock. According to MarketBeat, the company presently has an average 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 the firm'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 completion of the sale, the chief executive officer directly owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the firm's 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 sale, the executive vice president directly owned 114,127 shares of the company's stock, 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 have sold a total of 120,161 shares of company stock valued at $13,023,303 over the last three months. Corporate insiders own 1.40% of the company's stock.

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.