BJ's Wholesale Club Holdings, Inc. $BJ is Walter Public Investments Inc.'s 2nd Largest Position

Key Points

• Walter Public Investments Inc. raised its stake in BJ's Wholesale Club Holdings, Inc. by 3.6%, making it the company's second largest position and worth approximately $28.9 million.
• Insider transactions included sales by EVP Paul Cichocki and CEO Robert W. Eddy, with Cichocki selling 58,436 shares for about $6.43 million.
• BJ's Wholesale Club reported a Q2 EPS of $1.14, beating estimates, but revenue of $5.38 billion fell short of expectations despite being a 3.2% year-over-year increase.

Walter Public Investments Inc. raised its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 268,137 shares of the company's stock after acquiring an additional 9,386 shares during the quarter. BJ's Wholesale Club makes up about 4.9% of Walter Public Investments Inc.'s portfolio, making the stock its 2nd largest holding. Walter Public Investments Inc. owned about 0.20% of BJ's Wholesale Club worth $28,913,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in BJ's Wholesale Club in the second quarter worth $26,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of BJ's Wholesale Club during the first quarter valued at about $33,000. HM Payson & Co. bought a new stake in BJ's Wholesale Club in the first quarter worth about $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of BJ's Wholesale Club in the first quarter valued at approximately $43,000. Finally, Quarry LP bought a new stake in shares of BJ's Wholesale Club in the first quarter valued at approximately $48,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares in the company, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the sale, the executive vice president owned 11,617 shares in the company, valued at $1,160,073.62. This represents a 35.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,461 shares of company stock worth $13,652,421. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

BJ has been the subject of several recent analyst reports. DA Davidson reduced their price objective on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a research note on Monday, August 25th. JPMorgan Chase & Co. decreased their price target on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a report on Monday, August 25th. Morgan Stanley decreased their price target on shares of BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday, August 25th. Jefferies Financial Group reiterated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. Finally, UBS Group cut their price objective 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. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.63.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock traded down $0.10 on Tuesday, hitting $96.34. 758,960 shares of the company traded hands, compared to its average volume of 1,940,293. The stock has a market capitalization of $12.69 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.56 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 Holdings, Inc. has a 52 week low of $81.19 and a 52 week high of $121.10. The business has a 50-day simple moving average of $102.09 and a 200 day simple moving average of $109.02.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $5.38 billion for 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 revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

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.