Sciencast Management LP Buys Shares of 7,640 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Sciencast Management LP has acquired a new stake in BJ's Wholesale Club, purchasing 7,640 shares valued at approximately $872,000.
• The stock price of BJ's Wholesale Club increased 2.1%, currently trading at $99.03, with a market cap of $13.05 billion.
• Insider trading activity has seen significant sales, with CEO Robert W. Eddy selling 17,900 shares for approximately $1.9 million, indicating a 4.63% decrease in his position.

Sciencast Management LP acquired a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,640 shares of the company's stock, valued at approximately $872,000.

Several other large investors also recently made changes to their positions in BJ. Bank of New York Mellon Corp increased its position in shares of BJ's Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after acquiring an additional 1,989,980 shares in the last quarter. Bessemer Group Inc. grew its position in BJ's Wholesale Club by 65.9% in the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after purchasing an additional 1,662,415 shares in the last quarter. Select Equity Group L.P. grew its position in BJ's Wholesale Club by 1,230.1% in the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock valued at $198,458,000 after purchasing an additional 1,608,571 shares in the last quarter. Wellington Management Group LLP grew its position in BJ's Wholesale Club by 449.6% in the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company's stock valued at $128,477,000 after purchasing an additional 921,139 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in BJ's Wholesale Club by 195.6% in the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company's stock valued at $136,019,000 after purchasing an additional 792,808 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

Shares of NYSE BJ traded up $0.44 during mid-day trading on Friday, reaching $98.49. 1,073,658 shares of the company were exchanged, compared to its average volume of 2,625,220. The company's 50-day simple moving average is $103.24 and its 200-day simple moving average is $109.18. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $12.98 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.61 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $79.55 and a twelve 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The company 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%. BJ's Wholesale Club's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Transactions at BJ's Wholesale Club

In other 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 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 filing with the SEC, which can be accessed through this link. Also, EVP Paul Cichocki sold 58,436 shares of the firm's stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,161 shares of company stock valued at $13,023,303. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BJ shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. DA Davidson decreased their target price on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a research report on Monday, August 25th. JPMorgan Chase & Co. cut their price target on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. Morgan Stanley cut their price target on shares of BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a research note on Monday, August 25th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 price target (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 issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.