Islay Capital Management LLC Acquires Shares of 13,178 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Islay Capital Management LLC has invested approximately $1.50 million in BJ's Wholesale Club, acquiring 13,178 shares, which now represents 1.0% of its investment portfolio.
• BJ's Wholesale Club reported quarterly earnings of $1.14 per share, exceeding estimates, with revenues of $5.38 billion, though slightly below analyst predictions.
• The company's stock ratings include ten analysts with a Buy rating and nine with a Hold rating, currently averaging a target price of $116.82.

Islay Capital Management LLC bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,178 shares of the company's stock, valued at approximately $1,504,000. BJ's Wholesale Club comprises approximately 1.0% of Islay Capital Management LLC's investment portfolio, making the stock its 28th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in BJ. NewEdge Advisors LLC raised its stake in shares of BJ's Wholesale Club by 152.9% during the 4th quarter. NewEdge Advisors LLC now owns 9,174 shares of the company's stock worth $820,000 after purchasing an additional 5,547 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of BJ's Wholesale Club by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,392,826 shares of the company's stock worth $124,453,000 after purchasing an additional 13,621 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of BJ's Wholesale Club by 224.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,121 shares of the company's stock worth $815,000 after purchasing an additional 6,311 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of BJ's Wholesale Club by 9,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock worth $70,000 after purchasing an additional 776 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of BJ's Wholesale Club by 4.0% during the 4th quarter. Stifel Financial Corp now owns 187,219 shares of the company's stock worth $16,728,000 after purchasing an additional 7,205 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BJ. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 price objective (up previously from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Evercore ISI decreased their price objective 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. Loop Capital reissued a "hold" rating and issued a $120.00 price objective (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Robert W. Baird lifted their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, Citigroup decreased their price objective on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.18.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,900 shares of the business'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 completion of the sale, the chief executive officer owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $110.08, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 138,061 shares of company stock valued at $15,027,745 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Price Performance

BJ stock traded down $0.46 during mid-day trading on Thursday, reaching $96.71. 1,991,810 shares of the company traded hands, compared to its average volume of 1,930,963. The company has a market capitalization of $12.77 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.56 and a beta of 0.43. 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 fifty day moving average price of $106.41 and a 200-day moving average price of $109.81. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.49 billion. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share 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.