Nisa Investment Advisors LLC has a $738,000 equity position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

VaselineAugust 27, 2024

0 4 minutes read

Nisa Investment Advisors LLC boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 696.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,406 shares of the company’s stock after purchasing an additional 7,351 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BJ’s Wholesale Club were worth $738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in shares of BJ’s Wholesale Club in the second quarter valued at $25,000. Rise Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club in the 1st quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at about $40,000. J.Safra Asset Management Corp purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at about $45,000. Finally, First Horizon Advisors Inc. raised its stake in shares of BJ’s Wholesale Club by 36.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock valued at $75,000 after purchasing an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s shares.

BJ’s Wholesale Club Stock Performance

BJ opened at $82.78 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.74, and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $87.60, and its two-hundred-day moving average price is $80.37. The firm has a market cap of $10.99 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37.

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BJ’s Wholesale Club (NYSE:BJ – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. BJ’s Wholesale Club’s quarterly revenue was up 4.9% on a year-over-year basis. In the same quarter last year, the company posted earnings of $0.97 per share. On average, equities analysts estimate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

The Wall Street analyst weighs in

A number of analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $92.00 in a research note from friday. JPMorgan Chase & Co. raised their price objective on shares of BJ’s Wholesale Club from $74.00 to $76.00 and gave the company an “underweight” rating in a research note on Friday, August 16th. Loop Capital boosted their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. Bank of America cut their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday. Finally, DA Davidson upped their target price on BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $85.93.

Read BJ’s Wholesale Club’s latest research report

Insider Deals at BJ’s Wholesale Club

In related news, EVP Jeff Desroches sold 14,106 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the transaction, the executive vice president now directly owns 87,294 shares in the company, valued at $7,507,284. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the sale, the executive vice president now directly owns 14,131 shares in the company, valued at approximately $1,288,040.65. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Also, EVP Jeff Desroches sold 14,106 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares in the company, valued at approximately $7,507,284. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,544 shares of company stock worth $7,237,084. 2.00% of the shares are currently owned by company insiders.

About BJ’s Wholesale Club

(Free report)

BJ’s Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs in the eastern half of the United States. It offers groceries, general merchandise, gasoline and other ancillary services, coupon books and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com and Wellsleyfarms.com, as well as the mobile app.