Wright Investors Service Inc. Takes $834,000 Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Wright Investors Service Inc. acquired a new stake in BJ's Wholesale Club Holdings, purchasing 7,734 shares valued at approximately $834,000.
• Shares of BJ's Wholesale Club have recently seen a 1.8% decline, currently trading at $96.04 with a market cap of $12.65 billion.
• BJ's recent earnings report exceeded expectations, with an earnings per share of $1.14 compared to the consensus estimate of $1.10, though revenue fell short of projections at $5.38 billion.

Wright Investors Service Inc. purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,734 shares of the company's stock, valued at approximately $834,000.

A number of other hedge funds have also recently made changes to their positions in BJ. ProShare Advisors LLC boosted its stake in shares of BJ's Wholesale Club by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 6,204 shares of the company's stock valued at $554,000 after purchasing an additional 419 shares in the last quarter. State of Wyoming bought a new position in shares of BJ's Wholesale Club during the fourth quarter worth about $69,000. Twinbeech Capital LP bought a new position in shares of BJ's Wholesale Club during the fourth quarter worth about $547,000. Voloridge Investment Management LLC bought a new position in shares of BJ's Wholesale Club during the fourth quarter worth about $1,880,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of BJ's Wholesale Club by 11.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 505,162 shares of the company's stock worth $45,136,000 after acquiring an additional 52,340 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Down 1.8%

Shares of NYSE:BJ opened at $96.04 on Friday. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 2.61 and a beta of 0.40. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $80.43 and a 12-month high of $121.10. The business's 50 day moving average is $102.31 and its 200 day moving average is $109.11.

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, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares in the company, valued at approximately $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 quarter, insiders have sold 126,461 shares of company stock valued at $13,652,421. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

BJ has been the subject of a number of analyst reports. UBS Group lowered their price objective on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Robert W. Baird raised their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Wall Street Zen downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Evercore ISI lowered their price objective on BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating for the company in a research report on Monday, August 25th. Finally, Loop Capital reiterated a "hold" rating and issued a $120.00 target price (up from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $113.18.

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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