Future Fund LLC Invests $713,000 in BJ’s Wholesale Club Holdings, Inc. $BJ

Future Fund LLC acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,608 shares of the company’s stock, valued at approximately $713,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rathbones Group PLC bought a new stake in BJ’s Wholesale Club during the second quarter valued at $3,806,000. Los Angeles Capital Management LLC bought a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $10,645,000. AE Wealth Management LLC grew its holdings in shares of BJ’s Wholesale Club by 7.9% during the second quarter. AE Wealth Management LLC now owns 32,629 shares of the company’s stock worth $3,518,000 after purchasing an additional 2,402 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of BJ’s Wholesale Club by 116.0% in the second quarter. Fox Run Management L.L.C. now owns 17,252 shares of the company’s stock worth $1,860,000 after purchasing an additional 9,266 shares during the last quarter. Finally, Savant Capital LLC lifted its position in BJ’s Wholesale Club by 11.9% during the second quarter. Savant Capital LLC now owns 14,211 shares of the company’s stock valued at $1,532,000 after purchasing an additional 1,510 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BJ’s Wholesale Club

In related news, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 in the company, valued at $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the completion of the sale, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. This trade represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BJ shares. UBS Group lowered their price target on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. DA Davidson decreased their price objective on 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. Evercore ISI dropped their target price on BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. Jefferies Financial Group restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, August 22nd. Finally, Citigroup lowered 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 research note on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.65.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $91.48 on Monday. The company’s fifty day simple moving average is $93.85 and its two-hundred day simple moving average is $103.83. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.92 and a 12-month high of $121.10. The firm has a market cap of $12.05 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.33. 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 (NYSE:BJ) last posted its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The company 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 for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, equities analysts expect 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.