Belpointe Asset Management LLC Acquires Shares of 10,103 BJ’s Wholesale Club Holdings, Inc. $BJ

Belpointe Asset Management LLC acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the first quarter, HoldingsChannel.com reports. The firm acquired 10,103 shares of the company’s stock, valued at approximately $1,153,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BJ. Captrust Financial Advisors increased its stake in BJ’s Wholesale Club by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company’s stock valued at $629,000 after purchasing an additional 131 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of BJ’s Wholesale Club by 13.5% during the 4th quarter. Cetera Investment Advisers now owns 36,938 shares of the company’s stock valued at $3,300,000 after acquiring an additional 4,386 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of BJ’s Wholesale Club by 33.6% during the 4th quarter. Janus Henderson Group PLC now owns 143,773 shares of the company’s stock valued at $12,843,000 after acquiring an additional 36,121 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at about $1,572,000. Finally, Man Group plc boosted its holdings in shares of BJ’s Wholesale Club by 57.8% during the 4th quarter. Man Group plc now owns 515,418 shares of the company’s stock valued at $46,053,000 after acquiring an additional 188,826 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the sale, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,161 shares of company stock worth $13,023,303. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of BJ’s Wholesale Club from $135.00 to $125.00 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 note on Monday, August 25th. Wells Fargo & Company restated an “overweight” rating and set a $127.00 target price (up previously from $125.00) on shares of BJ’s Wholesale Club in a research note on Friday, May 23rd. Jefferies Financial Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. Finally, Robert W. Baird raised their target price on shares of BJ’s Wholesale Club from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.18.

BJ’s Wholesale Club Trading Up 0.5%

BJ’s Wholesale Club stock opened at $97.90 on Friday. The stock has a market cap of $12.90 billion, a P/E ratio of 22.46, a PEG ratio of 2.60 and a beta of 0.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $78.66 and a 1 year high of $121.10. The firm’s 50 day moving average price is $103.44 and its 200-day moving average price is $109.22.

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

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.