Teza Capital Management LLC Buys Shares of 5,786 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Teza Capital Management LLC has made a new investment of $660,000 in BJ's Wholesale Club, acquiring 5,786 shares during the 1st quarter.
• Insider transactions include EVP Paul Cichocki selling 58,436 shares and CEO Robert W. Eddy selling 17,900 shares, indicating a notable decrease in their respective holdings.
• Analysts have reduced their price targets for BJ's Wholesale Club, with UBS Group lowering theirs from $135.00 to $125.00 while maintaining a "buy" rating.

Teza Capital Management LLC acquired a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,786 shares of the company's stock, valued at approximately $660,000.

A number of other hedge funds also recently made changes to their positions in the stock. Select Equity Group L.P. raised its position in shares of BJ's Wholesale Club by 1,230.1% during the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock worth $198,458,000 after acquiring an additional 1,608,571 shares during the last quarter. Sandler Capital Management bought a new stake in BJ's Wholesale Club in the first quarter worth approximately $2,282,000. Eschler Asset Management LLP bought a new stake in BJ's Wholesale Club in the first quarter worth approximately $1,000,000. Concentric Capital Strategies LP bought a new stake in BJ's Wholesale Club in the first quarter worth approximately $3,620,000. Finally, Curi RMB Capital LLC increased its holdings in BJ's Wholesale Club by 2.7% in the first quarter. Curi RMB Capital LLC now owns 159,262 shares of the company's stock worth $18,172,000 after purchasing an additional 4,208 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their target price on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a report on Monday, August 25th. UBS Group lowered their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a report on Monday, August 25th. Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a report on Friday, August 15th. Loop Capital reissued a "hold" rating and issued a $120.00 price objective (up previously from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus price target of $113.18.

BJ's Wholesale Club Stock Up 0.4%

Shares of NYSE:BJ traded up $0.44 during mid-day trading on Friday, hitting $98.49. 1,073,658 shares of the company traded hands, compared to its average volume of 2,625,220. The stock has a market cap 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. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $79.55 and a 12-month high of $121.10. The stock has a 50-day moving average price of $103.24 and a two-hundred day moving average price of $109.18.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results 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 analysts' expectations of $5.49 billion. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.BJ's Wholesale Club's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction that occurred 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 transaction, the chief executive officer owned 368,333 shares of the company's stock, valued at $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club 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. The trade was a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,161 shares of company stock worth $13,023,303. 1.40% of the stock is owned by insiders.

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.