Islay Capital Management LLC Invests $1.50 Million in BJ’s Wholesale Club Holdings, Inc. $BJ

Islay Capital Management LLC acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the first quarter, Holdings Channel.com reports. The firm acquired 13,178 shares of the company’s stock, valued at approximately $1,504,000. BJ’s Wholesale Club comprises 1.0% of Islay Capital Management LLC’s portfolio, making the stock its 28th biggest position.

A number of other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of BJ’s Wholesale Club by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock valued at $498,219,000 after acquiring an additional 35,130 shares during the period. Bessemer Group Inc. raised its stake in shares of BJ’s Wholesale Club by 65.9% during the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company’s stock worth $477,709,000 after acquiring an additional 1,662,415 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of BJ’s Wholesale Club by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock worth $368,393,000 after acquiring an additional 741,782 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of BJ’s Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company’s stock worth $340,759,000 after acquiring an additional 1,989,980 shares in the last quarter. Finally, 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 worth $159,837,000 after acquiring an additional 8,268 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BJ has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. Robert W. Baird boosted their price objective on shares of BJ’s Wholesale Club from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. Wall Street Zen downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. DA Davidson boosted their price objective on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, Citigroup reduced their price objective on shares of BJ’s Wholesale Club from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $116.82.

Insider Activity

In other news, EVP Paul Cichocki sold 58,436 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the sale, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the transaction, the chief executive officer owned 368,333 shares in the company, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 138,061 shares of company stock worth $15,027,745. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $97.0740 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The stock has a market cap of $12.82 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $107.17 and its 200-day moving average price is $110.03.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The firm had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

About BJ’s Wholesale Club

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.