BJ’s Wholesale Club Holdings, Inc. $BJ Stock Holdings Raised by IFP Advisors Inc

IFP Advisors Inc raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 289.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,985 shares of the company’s stock after purchasing an additional 1,475 shares during the period. IFP Advisors Inc’s holdings in BJ’s Wholesale Club were worth $214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fulton Bank N.A. increased its position in shares of BJ’s Wholesale Club by 1.9% in the 2nd quarter. Fulton Bank N.A. now owns 5,174 shares of the company’s stock worth $558,000 after purchasing an additional 98 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of BJ’s Wholesale Club by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the company’s stock worth $4,000,000 after purchasing an additional 100 shares during the last quarter. Greenleaf Trust increased its position in shares of BJ’s Wholesale Club by 4.3% in the 1st quarter. Greenleaf Trust now owns 2,450 shares of the company’s stock worth $280,000 after purchasing an additional 101 shares during the last quarter. CreativeOne Wealth LLC increased its position in shares of BJ’s Wholesale Club by 2.9% in the 1st quarter. CreativeOne Wealth LLC now owns 3,636 shares of the company’s stock worth $415,000 after purchasing an additional 102 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of BJ’s Wholesale Club by 3.5% in the 1st quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company’s stock worth $352,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BJ shares. Evercore ISI decreased their price target on shares of BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a report on Friday, August 15th. 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 for the company in a report on Monday, August 25th. Citigroup decreased their price target on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, August 25th. Finally, 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 for the company in a report on Monday, August 25th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.65.

Insider Buying and Selling

In other news, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the sale, the executive vice president directly owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 directly owned 114,127 shares of the company’s stock, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Trading Up 1.2%

BJ’s Wholesale Club stock opened at $94.13 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $96.97 and a two-hundred day moving average price of $106.59. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.48 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.92 and a 52-week high of $121.10.

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

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.