Police & Firemen s Retirement System of New Jersey Boosts Stake in BJ’s Wholesale Club Holdings, Inc. $BJ

Police & Firemen s Retirement System of New Jersey increased its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,699 shares of the company’s stock after purchasing an additional 2,037 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in BJ’s Wholesale Club were worth $5,359,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group bought a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth $26,000. REAP Financial Group LLC increased its position in shares of BJ’s Wholesale Club by 152.5% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in BJ’s Wholesale Club in the 2nd quarter worth approximately $35,000. Quarry LP purchased a new position in shares of BJ’s Wholesale Club during the first quarter worth approximately $48,000. Finally, Bayforest Capital Ltd lifted its holdings in shares of BJ’s Wholesale Club by 362.7% in the 2nd quarter. Bayforest Capital Ltd now owns 472 shares of the company’s stock worth $51,000 after acquiring an additional 370 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $94.24 on Friday. The business has a 50 day moving average of $93.47 and a 200 day moving average of $103.28. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $83.92 and a 52 week high of $121.10. The company has a market cap of $12.42 billion, a PE ratio of 21.61, a P/E/G ratio of 2.50 and a beta of 0.33. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BJ shares. Citigroup lowered their price target on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 25th. DA Davidson cut their target price on shares of BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, August 25th. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a report on Friday, August 15th. Weiss Ratings cut shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus price target of $112.18.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 17,898 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $89.71, for a total value 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 $26,620,096.85. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Graham Luce sold 6,300 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the sale, the executive vice president directly owned 11,617 shares in the company, valued at approximately $1,160,073.62. The trade was a 35.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Company Profile

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.