Carlson Capital L.P. Takes $593,000 Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Carlson Capital L.P. acquired a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,500 shares of the company’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BJ. Quadrant Capital Group LLC lifted its position in shares of BJ’s Wholesale Club by 64.9% during the second quarter. Quadrant Capital Group LLC now owns 10,891 shares of the company’s stock worth $1,174,000 after acquiring an additional 4,285 shares in the last quarter. Vinva Investment Management Ltd bought a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at $266,000. Employees Retirement System of Texas purchased a new stake in BJ’s Wholesale Club during the 2nd quarter worth about $117,000. Inceptionr LLC bought a new position in BJ’s Wholesale Club in the 2nd quarter worth about $674,000. Finally, Elo Mutual Pension Insurance Co boosted its stake in BJ’s Wholesale Club by 48.1% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 17,531 shares of the company’s stock worth $1,890,000 after purchasing an additional 5,693 shares during the period. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BJ. Evercore ISI upped their price target on BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a research report on Monday. Robert W. Baird reduced their price objective on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday. Wall Street Zen lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. DA Davidson reiterated a “buy” rating and issued a $123.00 target price on shares of BJ’s Wholesale Club in a research note on Monday. Finally, Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus price target of $111.67.

BJ’s Wholesale Club Trading Up 1.7%

Shares of BJ opened at $90.85 on Thursday. The firm’s 50 day simple moving average is $92.20 and its 200 day simple moving average is $101.68. The company has a market capitalization of $11.97 billion, a P/E ratio of 20.93, a P/E/G ratio of 2.46 and a beta of 0.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $86.68 and a 1-year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. Sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $89.71, for a total value of $1,605,629.58. Following the completion of the transaction, the chief executive officer directly owned 296,735 shares in the company, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction dated 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 represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by corporate insiders.

BJ’s Wholesale Club 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.