Itau Unibanco Holding S.A. Takes $2.51 Million Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Itau Unibanco Holding S.A. invested approximately $2.51 million in BJ's Wholesale Club by purchasing 22,010 shares in the 1st quarter.
• BJ's Wholesale Club reported an EPS of $1.14 in its latest earnings, surpassing the consensus estimate of $1.10, while its revenue was $5.38 billion, slightly below expectations.
• Research analysts currently hold a consensus rating of "Moderate Buy" for BJ's Wholesale Club, with a price target averaging $113.18.

Itau Unibanco Holding S.A. bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 22,010 shares of the company's stock, valued at approximately $2,511,000.

Several other institutional investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the first quarter worth about $33,000. HM Payson & Co. acquired a new position in shares of BJ's Wholesale Club during the first quarter worth about $41,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the first quarter worth about $43,000. Wayfinding Financial LLC acquired a new position in shares of BJ's Wholesale Club during the first quarter worth about $51,000. Finally, IFP Advisors Inc grew its position in shares of BJ's Wholesale Club by 22.0% during the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after buying an additional 92 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BJ. Loop Capital reissued a "hold" rating and set a $120.00 price objective (up from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Roth Capital restated a "neutral" rating and set a $106.00 target price (up previously from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. Evercore ISI decreased their target price on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating for the company in a research note on Monday, August 25th. Wall Street Zen cut BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $113.18.

BJ's Wholesale Club Stock Up 1.0%

BJ stock traded up $1.01 during trading on Monday, hitting $97.80. 2,087,590 shares of the company's stock were exchanged, compared to its average volume of 2,673,396. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The business has a 50-day moving average price of $105.94 and a two-hundred day moving average price of $109.72. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.60 and a beta of 0.40.

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 analysts' consensus estimates 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 company had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.49 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm's revenue for the quarter 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 expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling

In other BJ's Wholesale Club 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 approximately $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The sale 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 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 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 approximately $12,563,100.16. This represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,161 shares of company stock valued at $13,023,303. 1.40% of the stock is owned by company 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.