BJ’s Wholesale Club Holdings, Inc. $BJ Position Boosted by Creative Planning

Creative Planning increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,238 shares of the company’s stock after purchasing an additional 868 shares during the quarter. Creative Planning’s holdings in BJ’s Wholesale Club were worth $1,751,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group bought a new position in shares of BJ’s Wholesale Club in the second quarter valued at $26,000. REAP Financial Group LLC raised its position in shares of BJ’s Wholesale Club by 152.5% during the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 151 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at $35,000. Quarry LP purchased a new stake in shares of BJ’s Wholesale Club during the first quarter valued at $48,000. Finally, Bayforest Capital Ltd boosted its position in shares of BJ’s Wholesale Club by 362.7% in the 2nd quarter. Bayforest Capital Ltd now owns 472 shares of the company’s stock valued at $51,000 after purchasing an additional 370 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BJ has been the topic of several recent analyst reports. Evercore ISI boosted their price objective on BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a report on Monday. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Friday, August 15th. Weiss Ratings cut shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, 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 report on Monday. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.67.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction 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 completion of the sale, the chief executive officer owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the sale, the executive vice president owned 11,617 shares of the company’s stock, valued at $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by insiders.

BJ’s Wholesale Club Trading Up 1.7%

BJ’s Wholesale Club stock opened at $90.85 on Thursday. The stock has a market cap of $11.97 billion, a P/E ratio of 20.93, a P/E/G ratio of 2.46 and a beta of 0.33. 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 quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $92.20 and its 200-day simple moving average is $101.68.

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