Oppenheimer Asset Management Inc. Lowers Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Oppenheimer Asset Management Inc. lessened its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 20.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,268 shares of the company’s stock after selling 6,155 shares during the period. Oppenheimer Asset Management Inc.’s holdings in BJ’s Wholesale Club were worth $2,509,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BJ. Bank of New York Mellon Corp boosted its position in BJ’s Wholesale Club by 199.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company’s stock worth $340,759,000 after purchasing an additional 1,989,980 shares in the last quarter. Select Equity Group L.P. boosted its position in BJ’s Wholesale Club by 1,230.1% in the 1st 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 position in BJ’s Wholesale Club by 449.6% in the 1st 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 in the last quarter. AQR Capital Management LLC boosted its position in BJ’s Wholesale Club by 195.6% in the 1st quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company’s stock worth $136,019,000 after purchasing an additional 792,808 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in BJ’s Wholesale Club by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock worth $368,393,000 after purchasing an additional 741,782 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the sale, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the completion of the sale, the executive vice president directly owned 114,127 shares of the company’s stock, valued at $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BJ. Jefferies Financial Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. Citigroup decreased their target price on BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Evercore ISI decreased their target price on BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. UBS Group decreased their target price on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Finally, JPMorgan Chase & Co. decreased their target price on BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.65.

BJ’s Wholesale Club Trading Down 2.8%

Shares of BJ stock opened at $89.81 on Thursday. The stock’s fifty day moving average is $94.99 and its two-hundred day moving average is $105.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. The firm has a market capitalization of $11.83 billion, a P/E ratio of 20.60, a PEG ratio of 2.46 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share 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.