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

Oak Thistle LLC purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,452 shares of the company’s stock, valued at approximately $2,933,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in BJ’s Wholesale Club during the 2nd quarter valued at about $178,952,000. Select Equity Group L.P. lifted its position in shares of BJ’s Wholesale Club by 1,230.1% in the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock worth $198,458,000 after purchasing an additional 1,608,571 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of BJ’s Wholesale Club by 449.6% during the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company’s stock worth $128,477,000 after purchasing an additional 921,139 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BJ’s Wholesale Club by 4,711.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 925,002 shares of the company’s stock worth $99,743,000 after purchasing an additional 905,778 shares during the period. Finally, AQR Capital Management LLC grew its position in BJ’s Wholesale Club by 195.6% during the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company’s stock valued at $136,019,000 after purchasing an additional 792,808 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BJ. Morgan Stanley cut their target price 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. BTIG Research reaffirmed a “buy” rating and issued a $120.00 price target on shares of BJ’s Wholesale Club in a research note on Friday, November 21st. Jefferies Financial Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, August 22nd. DA Davidson reissued a “buy” rating and set a $123.00 price objective on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $111.43.

Insider Buying and Selling

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 17,898 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 296,735 shares in the company, valued at $26,620,096.85. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the completion of the transaction, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Up 2.2%

BJ stock opened at $93.49 on Wednesday. The firm has a market cap of $12.23 billion, a PE ratio of 21.54, a PEG ratio of 2.51 and a beta of 0.31. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $86.68 and a 1 year high of $121.10. The company has a fifty day simple moving average of $91.56 and a 200 day simple moving average of $99.34. 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 EPS 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 the consensus estimate of $5.35 billion. During the same period in the prior year, the business 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. Sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.