Hennessy Advisors Inc. Acquires New Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Hennessy Advisors Inc. has acquired a new stake in BJ's Wholesale Club Holdings, Inc., purchasing 87,700 shares valued at approximately $9.46 million, representing about 0.07% of the company.
• Multiple institutional investors, including Bank of New York Mellon Corp and Wellington Management Group, significantly increased their stakes in BJ's Wholesale Club during the first quarter, indicating strong institutional interest.
• BJ's Wholesale Club reported an EPS of $1.14 for the last quarter, exceeding analysts' expectations, despite revenue falling short of estimates at $5.38 billion.

Hennessy Advisors Inc. acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 87,700 shares of the company's stock, valued at approximately $9,457,000. Hennessy Advisors Inc. owned approximately 0.07% of BJ's Wholesale Club at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BJ. Bank of New York Mellon Corp boosted its position in BJ's Wholesale Club by 199.7% during the first 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. Bessemer Group Inc. boosted its position in BJ's Wholesale Club by 65.9% during the first 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. Select Equity Group L.P. boosted its position in BJ's Wholesale Club by 1,230.1% during the first 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. Wellington Management Group LLP boosted its position in BJ's Wholesale Club by 449.6% during the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company's stock valued at $128,477,000 after purchasing an additional 921,139 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in BJ's Wholesale Club by 195.6% during the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company's stock valued at $136,019,000 after purchasing an additional 792,808 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

Insider Transactions at BJ's Wholesale Club

In related news, 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 transaction of $6,432,634.88. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of BJ's Wholesale Club stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the sale, the executive vice president directly owned 11,617 shares of the company's stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,561 shares of company stock valued at $11,735,689 in the last ninety days. Corporate insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. DA Davidson dropped their price objective on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Evercore ISI lowered 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. Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a report on Friday, August 15th. UBS Group lowered their price target on 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. Finally, Citigroup lowered their price target on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.63.

BJ's Wholesale Club Trading Up 1.9%

BJ's Wholesale Club stock opened at $92.74 on Friday. 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 Holdings, Inc. has a 52 week low of $83.92 and a 52 week high of $121.10. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.36. The stock has a 50-day moving average price of $100.03 and a 200 day moving average price of $107.95.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Friday, August 22nd. The company reported $1.14 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 firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company's revenue was up 3.2% compared to the same quarter last year. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Sell-side 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.

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