BJ’s Wholesale Club Holdings, Inc. $BJ Shares Acquired by Bayforest Capital Ltd

Bayforest Capital Ltd raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 362.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 472 shares of the company’s stock after buying an additional 370 shares during the quarter. Bayforest Capital Ltd’s holdings in BJ’s Wholesale Club were worth $51,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Asset Management Inc acquired a new position in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $1,221,000. Axxcess Wealth Management LLC raised its stake in BJ’s Wholesale Club by 13.0% during the second quarter. Axxcess Wealth Management LLC now owns 5,941 shares of the company’s stock worth $641,000 after purchasing an additional 683 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in BJ’s Wholesale Club by 60.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,669 shares of the company’s stock valued at $2,444,000 after purchasing an additional 8,543 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of BJ’s Wholesale Club by 3.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,346 shares of the company’s stock valued at $361,000 after buying an additional 101 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $23,663,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

BJ stock opened at $94.13 on Friday. The business’s fifty day moving average price is $96.97 and its 200 day moving average price is $106.59. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.92 and a 12-month high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $12.40 billion, a PE ratio of 21.59, a P/E/G ratio of 2.48 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.49 billion. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.BJ’s Wholesale Club’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Graham Luce sold 6,300 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the sale, the executive vice president owned 11,617 shares in the company, valued at approximately $1,160,073.62. The trade was a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, August 25th. UBS Group lowered their price target on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a report on Monday, August 25th. Citigroup reduced their price objective on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, August 25th. DA Davidson decreased their target price on shares of BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Finally, Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Friday, August 15th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average price target of $114.65.

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.