BJ's Wholesale Club Holdings, Inc. $BJ Shares Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC significantly increased its stake in BJ's Wholesale Club, acquiring an additional 31,206 shares, resulting in a total of 60,926 shares valued at approximately $6.95 million.
• Multiple institutional investors have raised their holdings, with Wellington Management increasing its stake by an astonishing 449.6% during the first quarter, emphasizing strong institutional interest in the stock.
• Despite a recent earnings report beating expectations with $1.14 EPS, BJ's saw a slight decline in its share price, currently around $96.71, reflecting mixed analyst sentiments on the stock's future performance.

Ieq Capital LLC boosted its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 105.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,926 shares of the company's stock after acquiring an additional 31,206 shares during the quarter. Ieq Capital LLC's holdings in BJ's Wholesale Club were worth $6,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bank of Hawaii purchased a new position in BJ's Wholesale Club in the 1st quarter valued at $245,000. Islay Capital Management LLC acquired a new stake in BJ's Wholesale Club in the first quarter valued at about $1,504,000. Kayne Anderson Rudnick Investment Management LLC boosted 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. Comerica Bank increased its position in BJ's Wholesale Club by 64.1% during the 1st quarter. Comerica Bank now owns 112,204 shares of the company's stock worth $12,802,000 after purchasing an additional 43,813 shares during the period. Finally, Oak Harvest Investment Services raised its stake in shares of BJ's Wholesale Club by 118.7% during the 1st quarter. Oak Harvest Investment Services now owns 16,403 shares of the company's stock worth $1,872,000 after buying an additional 8,903 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction on 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 sale, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,161 shares of company stock worth $13,023,303 in the last ninety days. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BJ. Wall Street Zen downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Citigroup reduced their target price 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. Loop Capital reaffirmed a "hold" rating and set a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Roth Capital reiterated a "neutral" rating and issued a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Finally, DA Davidson reduced their price objective on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Price Performance

BJ traded up $1.01 during trading on Monday, reaching $97.80. 2,087,590 shares of the stock were exchanged, compared to its average volume of 2,673,396. 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 $12.88 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.60 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10. The business's 50 day moving average price is $105.94 and its two-hundred day moving average price is $109.72.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 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 EPS. The business's 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. As a group, equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current 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.