Night Squared LP Purchases Shares of 15,000 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Night Squared LP has invested approximately $1.71 million in BJ's Wholesale Club Holdings, acquiring 15,000 shares during the 1st quarter, as reported in their recent SEC Form 13F filing.
• BJ's Wholesale Club reported a quarterly earnings result of $1.14 EPS, surpassing expectations, along with a year-over-year revenue growth of 3.2%.
• Institutional investors and hedge funds collectively own 98.60% of BJ's Wholesale Club's stock, indicating strong institutional interest in the company.

Night Squared LP acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the company's stock, valued at approximately $1,712,000.

Other hedge funds have also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC bought a new stake in BJ's Wholesale Club in the first quarter worth about $33,000. HM Payson & Co. purchased a new position in BJ's Wholesale Club in the 1st quarter worth approximately $41,000. Bartlett & CO. Wealth Management LLC purchased a new position in BJ's Wholesale Club in the 1st quarter worth approximately $43,000. Wayfinding Financial LLC purchased a new position in BJ's Wholesale Club in the 1st quarter worth approximately $51,000. Finally, IFP Advisors Inc grew its stake in BJ's Wholesale Club by 22.0% in the 1st 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 currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Trading Down 2.4%

BJ traded down $2.37 during trading on Wednesday, hitting $96.23. 2,902,292 shares of the stock traded hands, compared to its average volume of 1,939,856. The firm has a market capitalization of $12.68 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.60 and a beta of 0.40. 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 firm has a 50-day moving average of $105.28 and a 200 day moving average of $109.59. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10.

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

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.08, for a total transaction 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. This represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,161 shares of company stock valued at $13,023,303. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

BJ has been the subject of a number of research reports. UBS Group cut their price target on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Evercore ISI cut their price target on shares of 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. Citigroup cut their price objective on shares of BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Wall Street Zen cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 price objective (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.