Inspire Investing LLC Has $2.23 Million Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Inspire Investing LLC has decreased its stake in BJ's Wholesale Club by 44.2%, selling 15,444 shares to hold 19,500 shares valued at approximately $2.23 million.
• Several institutional investors, including Bank of New York Mellon Corp and Bessemer Group Inc., have significantly increased their holdings in BJ's Wholesale Club, reflecting strong interest from the investment community.
• The company reported $1.14 earnings per share for the most recent quarter, surpassing analysts' expectations, despite a slight revenue shortfall of $5.38 billion compared to the consensus estimate of $5.49 billion.

Inspire Investing LLC cut its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 44.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,500 shares of the company's stock after selling 15,444 shares during the period. Inspire Investing LLC's holdings in BJ's Wholesale Club were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in BJ's Wholesale Club by 92.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock worth $2,448,000 after acquiring an additional 10,326 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of BJ's Wholesale Club in the first quarter valued at about $9,805,000. iSAM Funds UK Ltd purchased a new stake in BJ's Wholesale Club during the fourth quarter worth about $843,000. Colonial River Investments LLC purchased a new stake in BJ's Wholesale Club during the first quarter worth about $308,000. Finally, Diversify Wealth Management LLC boosted its holdings in BJ's Wholesale Club by 30.9% during the first quarter. Diversify Wealth Management LLC now owns 12,776 shares of the company's stock worth $1,488,000 after buying an additional 3,015 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BJ shares. Citigroup cut their target price on shares of 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 lowered their target price on shares of BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a report on Monday, August 25th. Wells Fargo & Company reiterated an "overweight" rating and set a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Roth Capital reiterated a "neutral" rating and set a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. Finally, Wall Street Zen downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Stock Performance

Shares of BJ's Wholesale Club stock traded up $1.20 during trading hours on Monday, reaching $99.66. The company's stock had a trading volume of 1,947,563 shares, compared to its average volume of 1,937,454. The stock has a market cap of $13.13 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.62 and a beta of 0.40. The company's 50 day simple moving average is $103.24 and its 200 day simple moving average is $109.31. BJ's Wholesale Club Holdings, Inc. has a one year low of $79.55 and a one year high of $121.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.38 billion for 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 quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Transactions at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the transaction, the chief executive officer owned 368,333 shares of the company's stock, valued at $39,441,097.64. The trade was a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 120,161 shares of company stock worth $13,023,303 over the last 90 days. 1.40% of the stock is owned by insiders.

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.