Southeast Asset Advisors LLC Acquires 9,630 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Southeast Asset Advisors LLC lifted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 128.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,153 shares of the company’s stock after purchasing an additional 9,630 shares during the period. Southeast Asset Advisors LLC’s holdings in BJ’s Wholesale Club were worth $1,850,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc grew its position in shares of BJ’s Wholesale Club by 22.0% in the 1st quarter. IFP Advisors Inc now owns 510 shares of the company’s stock valued at $58,000 after buying an additional 92 shares during the last quarter. Cetera Investment Advisers raised its stake in BJ’s Wholesale Club by 17.6% during the first quarter. Cetera Investment Advisers now owns 43,442 shares of the company’s stock worth $4,957,000 after buying an additional 6,504 shares during the last quarter. HB Wealth Management LLC boosted its position in BJ’s Wholesale Club by 39.1% during the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock valued at $393,000 after acquiring an additional 967 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BJ’s Wholesale Club by 4.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,699 shares of the company’s stock worth $3,959,000 after acquiring an additional 1,596 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of BJ’s Wholesale Club by 29.8% in the 1st quarter. LPL Financial LLC now owns 163,719 shares of the company’s stock valued at $18,680,000 after purchasing an additional 37,626 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday. Wall Street Zen downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Citigroup cut 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 research report on Monday, August 25th. Morgan Stanley reduced their target price on BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Robert W. Baird dropped their price target on BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.67.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction dated 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 $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the business’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 transaction, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. The trade was a 35.16% decrease in their position. 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 Stock Performance

Shares of BJ stock opened at $87.99 on Tuesday. The stock has a market capitalization of $11.59 billion, a P/E ratio of 20.27, a PEG ratio of 2.43 and a beta of 0.33. The firm’s 50 day moving average is $92.57 and its 200 day moving average is $101.94. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $86.68 and a 12 month high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

About BJ’s Wholesale Club

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.