BJ's Wholesale Club Holdings, Inc. $BJ Shares Acquired by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its stake in BJ's Wholesale Club by 173.9%, bringing its total holdings to $1.86 million or 16,280 shares after purchasing 10,337 additional shares in the first quarter.
• CEO Robert W. Eddy sold 17,900 shares, worth approximately $1.92 million, representing a 4.63% decrease in his ownership, while EVP Paul Cichocki sold 58,436 shares for about $6.43 million.
• BJ's Wholesale Club reported a quarterly EPS of $1.14, exceeding analysts' estimates and a revenue of $5.38 billion, below expectations, with a year-over-year revenue growth of 3.2%.

Kestra Advisory Services LLC boosted its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 173.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,280 shares of the company's stock after purchasing an additional 10,337 shares during the period. Kestra Advisory Services LLC's holdings in BJ's Wholesale Club were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in BJ's Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after purchasing an additional 92 shares during the last quarter. Greenleaf Trust lifted its stake in BJ's Wholesale Club by 4.3% in the first quarter. Greenleaf Trust now owns 2,450 shares of the company's stock worth $280,000 after purchasing an additional 101 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in BJ's Wholesale Club by 3.5% in the first quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company's stock worth $352,000 after purchasing an additional 104 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of BJ's Wholesale Club by 1.1% during the first quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock worth $1,096,000 after acquiring an additional 109 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of BJ's Wholesale Club by 2.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company's stock worth $675,000 after acquiring an additional 119 shares during the period. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Down 1.7%

BJ stock traded down $1.72 during trading on Wednesday, hitting $96.88. 1,465,318 shares of the company's stock traded hands, compared to its average volume of 1,930,512. The firm has a market capitalization of $12.76 billion, a P/E ratio of 22.23, a PEG ratio of 2.60 and a beta of 0.40. The business has a fifty day simple moving average of $105.28 and a two-hundred day simple moving average of $109.59. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10.

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 (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates 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 revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Sell-side analysts anticipate 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 BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction 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 transaction, the executive vice president directly owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the transaction, the chief executive officer directly owned 368,333 shares in the company, valued at $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. Insiders sold 120,161 shares of company stock worth $13,023,303 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on BJ shares. Robert W. Baird raised their target price on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Citigroup reduced their target price on shares of BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Wall Street Zen lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, UBS Group reduced their target price on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $113.18.

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.