6,608 Shares in BJ’s Wholesale Club Holdings, Inc. $BJ Bought by Future Fund LLC

Future Fund LLC acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 6,608 shares of the company’s stock, valued at approximately $713,000.

A number of other hedge funds have also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of BJ’s Wholesale Club by 0.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock worth $498,219,000 after acquiring an additional 35,130 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of BJ’s Wholesale Club by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock worth $368,393,000 after purchasing an additional 741,782 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of BJ’s Wholesale Club by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock worth $323,242,000 after purchasing an additional 11,203 shares in the last quarter. Select Equity Group L.P. grew its stake in shares of BJ’s Wholesale Club by 1,230.1% in the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock worth $198,458,000 after buying an additional 1,608,571 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in BJ’s Wholesale Club by 0.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,534,337 shares of the company’s stock valued at $175,068,000 after buying an additional 11,119 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BJ. Citigroup dropped their target price on 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. Evercore ISI lowered their price target on BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Friday, August 15th. DA Davidson lowered their price objective on 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, Weiss Ratings cut BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.65.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was 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 $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. This trade represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Trading Up 2.9%

BJ’s Wholesale Club stock opened at $91.48 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.92 and a 52-week high of $121.10. The company has a market cap of $12.05 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.44 and a beta of 0.33. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $93.85 and a two-hundred day simple moving average of $103.83.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data 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 company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The firm’s 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. Analysts predict 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.