Oak Harvest Investment Services Has $1.87 Million Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Oak Harvest Investment Services significantly increased its stake in BJ's Wholesale Club by 118.7% in the first quarter, bringing its total holdings to 16,403 shares valued at approximately $1.87 million.
• CEO Robert W. Eddy sold 17,900 shares of BJ's stock for about $1.92 million, reducing his ownership by 4.63%, while Director Steven L. Ortega increased his stake by purchasing 1,740 shares.
• BJ's Wholesale Club reported a 3.2% year-over-year revenue growth during its latest earnings announcement, with an EPS of $1.14, surpassing analyst expectations, while setting its FY 2025 guidance between $4.20 and $4.35.

Oak Harvest Investment Services increased its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 118.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,403 shares of the company's stock after buying an additional 8,903 shares during the period. Oak Harvest Investment Services' holdings in BJ's Wholesale Club were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BJ. Atlantic Edge Private Wealth Management LLC bought a new position in BJ's Wholesale Club during the 1st quarter worth $33,000. HM Payson & Co. acquired a new stake in shares of BJ's Wholesale Club during the 1st quarter worth $41,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of BJ's Wholesale Club in the first quarter worth $43,000. Wayfinding Financial LLC acquired a new position in BJ's Wholesale Club in the first quarter valued at about $51,000. Finally, IFP Advisors Inc lifted its position in 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 purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BJ. Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Evercore ISI cut 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. JPMorgan Chase & Co. decreased their price target on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a research note on Monday. Loop Capital restated 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. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Trading Down 0.5%

Shares of BJ's Wholesale Club stock traded down $0.46 during trading on Thursday, hitting $96.71. The company's stock had a trading volume of 1,991,774 shares, compared to its average volume of 1,930,961. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.56 and a beta of 0.43. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The stock has a 50-day moving average price of $106.41 and a two-hundred day moving average price of $109.81. 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 (NYSE:BJ - Get Free Report) last announced 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 for 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 business's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $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 fiscal year.

Insider Buying and Selling

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer 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 link. Also, EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction on Friday, August 1st. The shares were 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 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 disclosure for this sale can be found here. Insiders have sold a total of 138,061 shares of company stock valued at $15,027,745 in the last three months. 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.