Inspire Advisors LLC Reduces Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Inspire Advisors LLC decreased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 23.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,742 shares of the company’s stock after selling 2,088 shares during the quarter. Inspire Advisors LLC’s holdings in BJ’s Wholesale Club were worth $727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc increased its position in shares of BJ’s Wholesale Club by 22.0% in the 1st quarter. IFP Advisors Inc now owns 510 shares of the company’s stock valued at $58,000 after acquiring an additional 92 shares during the period. Fulton Bank N.A. lifted its position in BJ’s Wholesale Club by 1.9% during the 2nd quarter. Fulton Bank N.A. now owns 5,174 shares of the company’s stock worth $558,000 after acquiring an additional 98 shares during the period. Louisiana State Employees Retirement System grew its stake in BJ’s Wholesale Club by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the company’s stock valued at $4,000,000 after purchasing an additional 100 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of BJ’s Wholesale Club by 0.3% in the second quarter. State of Michigan Retirement System now owns 31,715 shares of the company’s stock valued at $3,420,000 after purchasing an additional 100 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of BJ’s Wholesale Club by 3.1% in the second quarter. Sequoia Financial Advisors LLC now owns 3,346 shares of the company’s stock worth $361,000 after purchasing an additional 101 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of recent research reports. Wall Street Zen lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. BTIG Research started coverage on shares of BJ’s Wholesale Club in a report on Tuesday, October 14th. They issued a “buy” rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. UBS Group decreased their target price on shares of BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, August 25th. Finally, DA Davidson lowered their price target 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. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Insider Activity

In other news, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the sale, the executive vice president directly owned 11,617 shares in the company, valued at $1,160,073.62. This trade represents a 35.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction dated Monday, November 3rd. The shares were 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 owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $91.07 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. The company has a 50 day moving average price of $93.21 and a 200-day moving average price of $102.73. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $83.92 and a 1-year high of $121.10. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 2.47 and a beta of 0.33.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly 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 net margin of 2.77% and a return on equity of 30.40%. The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

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.