Oak Harvest Investment Services Sells 8,903 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Oak Harvest Investment Services decreased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 54.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,500 shares of the company’s stock after selling 8,903 shares during the quarter. Oak Harvest Investment Services’ holdings in BJ’s Wholesale Club were worth $809,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Graham Luce sold 6,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value 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. The trade was a 35.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Evercore ISI dropped their price target on shares of BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. DA Davidson lowered their price objective 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. UBS Group cut 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. Citigroup decreased their target price on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 25th. Finally, BTIG Research started coverage on BJ’s Wholesale Club in a research note on Tuesday, October 14th. They issued a “buy” rating and a $120.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.18.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $93.89 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10. The business’s fifty day moving average is $93.53 and its 200 day moving average is $103.42. The company has a market capitalization of $12.37 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.49 and a beta of 0.33.

BJ’s Wholesale Club (NYSE:BJ) last issued 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. The business had revenue of $5.38 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current 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.