Knights of Columbus Asset Advisors LLC Grows Stake in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in BJ's Wholesale Club by 21.7% during the second quarter, acquiring additional shares worth approximately $6.34 million.
• BJ's Wholesale Club reported earnings per share of $1.14 for the most recent quarter, slightly exceeding expectations and marking a year-over-year revenue increase of 3.2%.
• Several analysts have revised their ratings and target prices for BJ's stock, with ongoing consensus indicating a Moderate Buy rating and an average target price of approximately $114.63.

Knights of Columbus Asset Advisors LLC grew its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 21.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,789 shares of the company's stock after acquiring an additional 10,484 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in BJ's Wholesale Club were worth $6,339,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BJ. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of BJ's Wholesale Club in the second quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in BJ's Wholesale Club in the 1st quarter worth about $33,000. Ameritas Advisory Services LLC bought a new stake in BJ's Wholesale Club in the 2nd quarter valued at about $35,000. HM Payson & Co. purchased a new stake in BJ's Wholesale Club during the first quarter valued at about $41,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in BJ's Wholesale Club during the first quarter valued at about $43,000. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

NYSE BJ opened at $92.74 on Monday. The company's 50 day simple moving average is $100.03 and its two-hundred day simple moving average is $107.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $83.92 and a 1 year high of $121.10. The stock has a market capitalization of $12.22 billion, a PE ratio of 21.27, a P/E/G ratio of 2.47 and a beta of 0.36.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $5.49 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business's quarterly revenue 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. Analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BJ. Gordon Haskett downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Friday, August 15th. Weiss Ratings reiterated a "buy (b-)" rating on shares of BJ's Wholesale Club in a research note on Saturday, September 27th. Evercore ISI lowered their target price on shares of BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating on the stock in a report on Monday, August 25th. Citigroup dropped their target price on 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. Finally, Morgan Stanley reduced their price target on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a research report on Monday, August 25th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.63.

Insider Activity

In related news, EVP Paul Cichocki sold 58,436 shares of the company'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 transaction, the executive vice president directly owned 114,127 shares in the company, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Graham Luce sold 6,300 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the sale, the executive vice president directly owned 11,617 shares in the company, valued at $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,561 shares of company stock worth $11,735,689. Insiders own 1.40% of the company's stock.

BJ's Wholesale Club Company 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.

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