Harbour Investments Inc. Acquires 1,096 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Harbour Investments Inc. increased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1,889.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,154 shares of the company’s stock after buying an additional 1,096 shares during the period. Harbour Investments Inc.’s holdings in BJ’s Wholesale Club were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. J.Safra Asset Management Corp raised its stake in shares of BJ’s Wholesale Club by 93.6% during the second quarter. J.Safra Asset Management Corp now owns 4,988 shares of the company’s stock worth $570,000 after buying an additional 2,411 shares during the last quarter. Bayforest Capital Ltd raised its stake in shares of BJ’s Wholesale Club by 362.7% during the second quarter. Bayforest Capital Ltd now owns 472 shares of the company’s stock worth $51,000 after buying an additional 370 shares during the last quarter. TD Asset Management Inc bought a new stake in shares of BJ’s Wholesale Club during the second quarter worth approximately $1,221,000. Axxcess Wealth Management LLC raised its stake in shares of BJ’s Wholesale Club by 13.0% during the second quarter. Axxcess Wealth Management LLC now owns 5,941 shares of the company’s stock worth $641,000 after buying an additional 683 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of BJ’s Wholesale Club by 60.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,669 shares of the company’s stock worth $2,444,000 after buying an additional 8,543 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Down 0.0%

BJ’s Wholesale Club stock opened at $93.98 on Thursday. The stock has a market capitalization of $12.38 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.50 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $83.92 and a twelve month high of $121.10. 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 company has a 50 day moving average of $96.23 and a 200-day moving average of $106.13.

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, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $5.38 billion during 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 business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BJ shares. JPMorgan Chase & Co. decreased their price objective 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. BTIG Research started coverage on shares of BJ’s Wholesale Club in a report on Tuesday, October 14th. They set a “buy” rating and a $120.00 price objective for the company. Morgan Stanley decreased their price objective 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 objective 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, Weiss Ratings cut shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.65.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Paul Cichocki sold 58,436 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $629,118.00. Following the completion of the transaction, the executive vice president owned 11,617 shares of the company’s stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

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.