Inspire Investing LLC Sells 15,444 Shares of 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 reduced its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 44.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,500 shares of the company's stock after selling 15,444 shares during the quarter. Inspire Investing LLC's holdings in BJ's Wholesale Club were worth $2,225,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts have recently commented on BJ shares. Wall Street Zen downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $127.00 price target (up previously from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Robert W. Baird increased their price objective on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $113.18.

BJ's Wholesale Club Stock Performance

NYSE:BJ traded up $0.23 during mid-day trading on Wednesday, reaching $99.67. 652,966 shares of the company's stock were exchanged, compared to its average volume of 1,929,125. BJ's Wholesale Club Holdings, Inc. has a one year low of $80.08 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. The business's fifty day simple moving average is $102.86 and its two-hundred day simple moving average is $109.23. The firm has a market capitalization of $13.13 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.66 and a beta of 0.40.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced 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 net margin of 2.77% and a return on equity of 30.40%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business'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. Analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction dated 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 directly owned 368,333 shares of the company's stock, valued at $39,441,097.64. This trade 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 the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were 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 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 120,161 shares of company stock worth $13,023,303 in the last three months. 1.40% of the stock is currently owned by company insiders.

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.