GRIMES & Co WEALTH MANAGEMENT LLC Buys Shares of 6,107 BJ’s Wholesale Club Holdings, Inc. $BJ

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position 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 firm purchased 6,107 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds also recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group bought a new position in BJ’s Wholesale Club during the second quarter valued at $26,000. REAP Financial Group LLC lifted its position in shares of BJ’s Wholesale Club by 152.5% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after buying an additional 151 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth $28,000. Davis Capital Management purchased a new stake in BJ’s Wholesale Club in the 3rd quarter worth about $28,000. Finally, Ameritas Advisory Services LLC bought a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $35,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $95.99 on Thursday. The company’s 50 day simple moving average is $91.85 and its two-hundred day simple moving average is $96.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $86.68 and a 1 year high of $121.10. The stock has a market capitalization of $12.56 billion, a PE ratio of 22.12, a P/E/G ratio of 2.64 and a beta of 0.33.

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, topping the consensus estimate 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 firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The business’s quarterly revenue 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. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BJ shares. BTIG Research reiterated a “buy” rating and set a $120.00 target price on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. Barclays downgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $115.00 to $90.00 in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BJ’s Wholesale Club in a report on Thursday, January 8th. They set a “hold” rating on the stock. Evercore ISI raised their price target on BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a report on Monday, November 24th. Finally, Wells Fargo & Company reduced their price target on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and a consensus price target of $109.64.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the sale, the executive vice president owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This trade represents a 12.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $1,605,629.58. Following the transaction, the chief executive officer directly owned 296,735 shares of the company’s stock, valued at $26,620,096.85. The trade was a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.