Walter Public Investments Inc. Purchases 5,645 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Walter Public Investments Inc. raised its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,782 shares of the company’s stock after acquiring an additional 5,645 shares during the quarter. BJ’s Wholesale Club makes up about 4.2% of Walter Public Investments Inc.’s holdings, making the stock its 6th largest holding. Walter Public Investments Inc.’s holdings in BJ’s Wholesale Club were worth $25,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Friedenthal Financial purchased a new stake in shares of BJ’s Wholesale Club during the second quarter worth approximately $834,000. Boston Trust Walden Corp lifted its holdings in BJ’s Wholesale Club by 7.3% in the 3rd quarter. Boston Trust Walden Corp now owns 924,785 shares of the company’s stock valued at $86,236,000 after purchasing an additional 62,903 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in BJ’s Wholesale Club during the 2nd quarter worth $577,000. Congress Asset Management Co. grew its holdings in shares of BJ’s Wholesale Club by 12.5% during the third quarter. Congress Asset Management Co. now owns 302,329 shares of the company’s stock worth $28,192,000 after buying an additional 33,700 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of BJ’s Wholesale Club by 48.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 583,416 shares of the company’s stock valued at $54,404,000 after buying an additional 191,200 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $95.99 on Thursday. The firm has a 50 day simple moving average of $91.85 and a 200-day simple moving average of $96.72. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 2.64 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 data on Friday, November 21st. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $123.00 price target on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Barclays cut BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $115.00 to $90.00 in a report on Wednesday, January 7th. Morgan Stanley cut their price target on BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.64.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 17,898 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total transaction 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 SEC, which can be accessed through this hyperlink. Also, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the sale, the executive vice president directly owned 50,498 shares of the company’s stock, valued at $4,599,862.82. The trade was a 12.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.