Martin & Co. Inc. TN Acquires Shares of 39,074 BJ’s Wholesale Club Holdings, Inc. $BJ

Martin & Co. Inc. TN bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,074 shares of the company’s stock, valued at approximately $3,644,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $178,952,000. Massachusetts Financial Services Co. MA lifted its stake in shares of BJ’s Wholesale Club by 31.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock worth $446,817,000 after acquiring an additional 1,152,591 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in BJ’s Wholesale Club by 4,711.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 925,002 shares of the company’s stock valued at $99,743,000 after purchasing an additional 905,778 shares in the last quarter. Select Equity Group L.P. increased its holdings in BJ’s Wholesale Club by 38.6% during the 2nd quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock worth $260,028,000 after purchasing an additional 672,122 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of BJ’s Wholesale Club by 1,668.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 511,344 shares of the company’s stock valued at $55,138,000 after purchasing an additional 482,429 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BJ has been the subject of several recent analyst reports. DA Davidson reissued a “buy” rating and set a $123.00 price objective on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Monday, December 29th. Barclays lowered shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $115.00 to $90.00 in a research note on Wednesday, January 7th. Evercore lifted their price target on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a report on Monday, November 24th. Finally, TD Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.63.

BJ’s Wholesale Club Trading Down 3.4%

Shares of NYSE:BJ opened at $99.30 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $94.43 and its 200 day moving average price is $95.01. The company has a market cap of $12.99 billion, a PE ratio of 22.88, a P/E/G ratio of 2.66 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $86.68 and a fifty-two week high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 earnings per share. 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 earnings per share for the current year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was 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 owned 50,498 shares in the company, valued at approximately $4,599,862.82. The trade was a 12.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

About BJ’s Wholesale Club

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.