Voya Investment Management LLC Has $3.41 Million Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Voya Investment Management LLC increased its holdings in BJ's Wholesale Club by 24.2%, now owning 29,878 shares worth approximately $3.41 million.
• Several institutional investors have recently acquired positions in BJ's, with overall institutional ownership at 98.60% of the company’s stock.
• BJ's reported earnings of $1.14 per share for the latest quarter, surpassing estimates of $1.10, though revenue fell short of expectations at $5.38 billion.

Voya Investment Management LLC boosted its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 24.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,878 shares of the company's stock after buying an additional 5,815 shares during the period. Voya Investment Management LLC's holdings in BJ's Wholesale Club were worth $3,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BJ. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club in the 1st quarter valued at about $33,000. HM Payson & Co. acquired a new position in shares of BJ's Wholesale Club in the 1st quarter valued at about $41,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club in the 1st quarter valued at about $43,000. Quarry LP acquired a new position in shares of BJ's Wholesale Club in the 1st quarter valued at about $48,000. Finally, Wayfinding Financial LLC acquired a new position in shares of BJ's Wholesale Club in the 1st quarter valued at about $51,000. Institutional investors and hedge funds own 98.60% of the company's stock.

Analyst Ratings Changes

BJ has been the topic of a number of research reports. DA Davidson dropped their target price on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Loop Capital reiterated a "hold" rating and issued a $120.00 target price (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. UBS Group dropped their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Citigroup dropped their price objective on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Finally, Robert W. Baird increased their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $113.18.

BJ's Wholesale Club Trading Down 1.8%

NYSE:BJ opened at $96.04 on Friday. The stock's 50 day moving average price is $102.31 and its 200 day moving average price is $109.11. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $80.43 and a 52 week high of $121.10. The company has a market capitalization of $12.65 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.61 and a beta of 0.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79.

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, topping analysts' consensus estimates 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 return on equity of 30.40% and a net margin of 2.77%.The company's revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the company's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the sale, the chief executive officer directly owned 368,333 shares of the company's stock, valued at $39,441,097.64. The trade was a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,461 shares of company stock valued at $13,652,421 over the last 90 days. 1.40% of the stock is currently owned by company 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.

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