Oak Thistle LLC Invests $2.93 Million in BJ’s Wholesale Club Holdings, Inc. $BJ

Oak Thistle LLC bought a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 31,452 shares of the company’s stock, valued at approximately $2,933,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group bought a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $26,000. REAP Financial Group LLC boosted its position in shares of BJ’s Wholesale Club by 152.5% in the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after acquiring an additional 151 shares during the period. Roxbury Financial LLC acquired a new stake in shares of BJ’s Wholesale Club in the third quarter worth $28,000. Ameritas Advisory Services LLC bought a new position in BJ’s Wholesale Club during the second quarter worth $35,000. Finally, Quarry LP bought a new position in BJ’s Wholesale Club during the first quarter worth $48,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 7,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the transaction, the executive vice president directly owned 50,498 shares of the company’s stock, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 17,898 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was 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 $26,620,096.85. This trade represents a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $93.49 on Wednesday. The company has a 50-day moving average of $91.56 and a 200-day moving average of $99.34. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.51 and a beta of 0.31. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $86.68 and a 52 week high of $121.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79.

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 net margin of 2.72% and a return on equity of 28.66%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the firm posted $1.18 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BJ has been the subject of a number of research reports. DA Davidson reissued a “buy” rating and issued a $123.00 price target on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Robert W. Baird cut their price objective on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Evercore ISI increased their target price on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Wednesday, December 10th. Finally, Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.43.

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.