Oak Ridge Investments LLC Has $1.39 Million Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Oak Ridge Investments LLC decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 60.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,951 shares of the company’s stock after selling 22,528 shares during the period. Oak Ridge Investments LLC’s holdings in BJ’s Wholesale Club were worth $1,394,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BJ. Oliver Lagore Vanvalin Investment Group acquired a new position in BJ’s Wholesale Club in the 2nd quarter valued at approximately $26,000. REAP Financial Group LLC increased its position in BJ’s Wholesale Club by 152.5% in the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of BJ’s Wholesale Club during the 3rd quarter worth about $28,000. Davis Capital Management acquired a new stake in shares of BJ’s Wholesale Club during the 3rd quarter valued at about $28,000. Finally, Eastern Bank bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $29,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

Shares of NYSE BJ opened at $93.32 on Friday. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.59 and a beta of 0.33. BJ’s Wholesale Club Holdings, Inc. has a one year low of $86.68 and a one year high of $121.10. The business has a fifty day simple moving average of $92.01 and a 200 day simple moving average of $96.53. 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 announced its quarterly earnings results on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.07. The firm 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%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

BJ has been the topic of several analyst reports. DA Davidson reissued a “buy” rating and set a $123.00 target price on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft initiated coverage on BJ’s Wholesale Club in a research report on Thursday, January 8th. They set a “hold” rating for the company. Morgan Stanley reduced their price objective on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Barclays downgraded BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $115.00 to $90.00 in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Hold” and a consensus price target of $109.29.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club 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 directly owned 50,498 shares of the company’s stock, valued at approximately $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 296,735 shares in the company, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by 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.