Index Fund Advisors Inc. Acquires New Shares in BJ’s Wholesale Club Holdings, Inc. $BJ

Index Fund Advisors Inc. bought a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,717 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors also recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at about $26,000. REAP Financial Group LLC grew its holdings in BJ’s Wholesale Club by 152.5% during the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 151 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new stake in BJ’s Wholesale Club in the first quarter valued at approximately $33,000. Ameritas Advisory Services LLC acquired a new stake in BJ’s Wholesale Club in the second quarter worth $35,000. Finally, HM Payson & Co. bought a new position in shares of BJ’s Wholesale Club during the first quarter worth $41,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the sale, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. The trade was a 35.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul Cichocki sold 58,436 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 114,127 shares of the company’s stock, valued at $12,563,100.16. The trade was a 33.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Up 1.7%

BJ stock opened at $90.10 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. The stock has a market capitalization of $11.87 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.40 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10. The business has a 50-day moving average of $98.38 and a 200-day moving average of $107.19.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.10 by $0.04. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. UBS Group decreased their target price on 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. Gordon Haskett lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Friday, August 15th. Citigroup cut 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, Weiss Ratings cut BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $114.31.

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.