BJ's Wholesale Club Holdings, Inc. $BJ Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its holdings in BJ's Wholesale Club by 63.0% during the first quarter, now owning approximately 1.03% of the company with a value of $154.75 million.
• BJ's Wholesale Club reported a quarterly earnings per share of $1.14, exceeding estimates by $0.23, with revenues of $5.15 billion, a year-over-year increase of 4.8%.
• Overall, institutional investors hold 98.60% of BJ's Wholesale Club's stock, reflecting strong interest in the company, while 11 analysts have rated it as a hold and 10 as a buy.

Invesco Ltd. grew its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 63.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,356,291 shares of the company's stock after buying an additional 524,074 shares during the quarter. Invesco Ltd. owned approximately 1.03% of BJ's Wholesale Club worth $154,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of BJ's Wholesale Club during the first quarter worth $33,000. HM Payson & Co. bought a new stake in shares of BJ's Wholesale Club during the 1st quarter valued at approximately $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of BJ's Wholesale Club during the 1st quarter valued at approximately $43,000. Wayfinding Financial LLC bought a new stake in BJ's Wholesale Club during the 1st quarter worth approximately $51,000. Finally, IFP Advisors Inc boosted its stake in shares of BJ's Wholesale Club by 22.0% in the 1st quarter. IFP Advisors Inc now owns 510 shares of the company's stock valued at $58,000 after purchasing an additional 92 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BJ has been the topic of a number of research reports. Wells Fargo & Company reiterated an "overweight" rating and set a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Evercore ISI increased their price target on shares of BJ's Wholesale Club from $115.00 to $117.00 and gave the company an "in-line" rating in a research report on Tuesday, August 12th. Loop Capital reissued a "hold" rating and issued a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. DA Davidson lifted their target price on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Gordon Haskett cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Friday. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $115.33.

BJ's Wholesale Club Price Performance

BJ stock traded up $0.10 during midday trading on Tuesday, hitting $105.06. The company's stock had a trading volume of 469,882 shares, compared to its average volume of 1,841,720. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company has a 50 day moving average of $107.63 and a two-hundred day moving average of $110.04.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.100-4.30 EPS. On average, analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at BJ's Wholesale Club

In other news, Director Steven L. Ortega acquired 1,740 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the completion of the purchase, the director directly owned 8,641 shares in the company, valued at $990,258.60. This trade represents a 25.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 approximately $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,061 shares of company stock worth $15,027,745. 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.