Concurrent Investment Advisors LLC Takes $351,000 Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Concurrent Investment Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,259 shares of the company’s stock, valued at approximately $351,000.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of BJ’s Wholesale Club by 92.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company’s stock valued at $2,448,000 after buying an additional 10,326 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at approximately $834,000. Colonial River Investments LLC purchased a new stake in shares of BJ’s Wholesale Club during the first quarter valued at approximately $308,000. Diversify Wealth Management LLC boosted its holdings in BJ’s Wholesale Club by 30.9% in the first quarter. Diversify Wealth Management LLC now owns 12,776 shares of the company’s stock worth $1,488,000 after purchasing an additional 3,015 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in BJ’s Wholesale Club by 8.3% in the first quarter. Sequoia Financial Advisors LLC now owns 3,245 shares of the company’s stock worth $370,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the topic of several research reports. Morgan Stanley dropped their target price 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. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Friday, August 15th. Citigroup dropped their target price on shares of 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. DA Davidson dropped their target price on shares of 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. Finally, Wall Street Zen cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.65.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of the 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 transaction, the executive vice president directly owned 11,617 shares in the company, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the sale, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Up 1.2%

BJ opened at $94.13 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $83.92 and a 1-year high of $121.10. The company has a market capitalization of $12.40 billion, a PE ratio of 21.59, a PEG ratio of 2.51 and a beta of 0.36. The firm’s 50 day simple moving average is $96.97 and its two-hundred day simple moving average is $106.45.

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