BJ’s Wholesale Club Holdings, Inc. $BJ Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group grew its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 380.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 591 shares of the company’s stock after buying an additional 468 shares during the period. Brooklyn Investment Group’s holdings in BJ’s Wholesale Club were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. acquired a new stake in BJ’s Wholesale Club during the first quarter worth about $1,025,000. Steward Partners Investment Advisory LLC boosted its stake in shares of BJ’s Wholesale Club by 1.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 44,069 shares of the company’s stock valued at $5,028,000 after purchasing an additional 423 shares during the period. Raymond James Financial Inc. boosted its stake in shares of BJ’s Wholesale Club by 0.9% in the first quarter. Raymond James Financial Inc. now owns 965,633 shares of the company’s stock valued at $110,179,000 after purchasing an additional 8,157 shares during the period. Cresset Asset Management LLC boosted its stake in shares of BJ’s Wholesale Club by 9.3% in the first quarter. Cresset Asset Management LLC now owns 6,431 shares of the company’s stock valued at $734,000 after purchasing an additional 546 shares during the period. Finally, Alliance Wealth Advisors LLC UT boosted its stake in shares of BJ’s Wholesale Club by 2.2% in the first quarter. Alliance Wealth Advisors LLC UT now owns 11,558 shares of the company’s stock valued at $1,319,000 after purchasing an additional 249 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Loop Capital reaffirmed a “hold” rating and issued a $120.00 target price (up previously from $110.00) on shares of BJ’s Wholesale Club in a report on Friday, May 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 target price (up from $125.00) on shares of BJ’s Wholesale Club in a report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on shares of BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. UBS Group reiterated a “buy” rating and issued a $135.00 price objective on shares of BJ’s Wholesale Club in a research report on Wednesday, August 13th. Finally, Gordon Haskett lowered 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 research report on Friday, August 15th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.82.

BJ’s Wholesale Club Trading Down 8.6%

NYSE BJ opened at $97.0740 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The company has a market cap of $12.82 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.94 and a beta of 0.43. The company has a 50-day moving average of $107.17 and a 200-day moving average of $109.99.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s revenue for the quarter 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 predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Steven L. Ortega purchased 1,740 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the acquisition, the director directly owned 8,641 shares in the company, valued at $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Cichocki sold 58,436 shares of the 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 transaction, the executive vice president owned 114,127 shares of the company’s stock, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,061 shares of company stock worth $15,027,745 in the last 90 days. 1.40% of the stock is owned by company 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.