Geneos Wealth Management Inc. Grows Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Geneos Wealth Management Inc. grew its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 94.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,323 shares of the company’s stock after purchasing an additional 28,850 shares during the quarter. Geneos Wealth Management Inc.’s holdings in BJ’s Wholesale Club were worth $6,397,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in BJ’s Wholesale Club by 40.1% in the 1st quarter. Russell Investments Group Ltd. now owns 38,703 shares of the company’s stock valued at $4,414,000 after buying an additional 11,074 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of BJ’s Wholesale Club by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,401,094 shares of the company’s stock valued at $159,837,000 after acquiring an additional 8,268 shares in the last quarter. Aberdeen Group plc boosted its holdings in shares of BJ’s Wholesale Club by 0.6% in the first quarter. Aberdeen Group plc now owns 207,898 shares of the company’s stock valued at $23,721,000 after purchasing an additional 1,201 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of BJ’s Wholesale Club by 9.5% in the first quarter. EverSource Wealth Advisors LLC now owns 3,755 shares of the company’s stock valued at $428,000 after purchasing an additional 325 shares during the period. Finally, Ethic Inc. grew its stake in BJ’s Wholesale Club by 5.8% in the first quarter. Ethic Inc. now owns 27,248 shares of the company’s stock worth $3,130,000 after purchasing an additional 1,486 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BJ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Wednesday. BTIG Research restated a “buy” rating and issued a $120.00 price objective on shares of BJ’s Wholesale Club in a report on Friday, November 21st. Wells Fargo & Company dropped their target price on shares of BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. JPMorgan Chase & Co. cut their target price on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Morgan Stanley lowered their price target on shares of BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.43.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $93.08 on Monday. The company has a market capitalization of $12.18 billion, a PE ratio of 21.45, a P/E/G ratio of 2.56 and a beta of 0.31. The company has a 50-day simple moving average of $91.47 and a two-hundred day simple moving average of $99.62. BJ’s Wholesale Club Holdings, Inc. has a one year low of $86.68 and a one year 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 released its quarterly 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. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP William C. Werner sold 7,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total transaction of $637,630.00. Following the transaction, the executive vice president directly owned 50,498 shares of the company’s stock, valued at $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 available at this link. Also, EVP Graham Luce sold 6,300 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value 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 approximately $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 31,198 shares of company stock valued at $2,872,378. 1.40% of the stock is currently owned by insiders.

BJ’s Wholesale Club 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.