Vanguard Group Inc. Sells 29,521 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Vanguard Group Inc. trimmed its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,092,675 shares of the company’s stock after selling 29,521 shares during the quarter. Vanguard Group Inc. owned 9.91% of BJ’s Wholesale Club worth $1,411,783,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC raised its position in BJ’s Wholesale Club by 0.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock worth $498,219,000 after purchasing an additional 35,130 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of BJ’s Wholesale Club by 12.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,639,011 shares of the company’s stock valued at $392,395,000 after buying an additional 410,326 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of BJ’s Wholesale Club by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after buying an additional 11,203 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of BJ’s Wholesale Club by 1.3% in the second quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock worth $253,709,000 after buying an additional 29,076 shares during the period. Finally, Select Equity Group L.P. lifted its stake in shares of 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 valued at $198,458,000 after acquiring an additional 1,608,571 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $91.67 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $86.68 and a 1 year high of $121.10. The stock has a market capitalization of $12.08 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.44 and a beta of 0.33. The company’s 50-day moving average is $92.80 and its 200 day moving average is $102.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Friday, November 21st. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. BJ’s Wholesale Club’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.18 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BJ shares. Wells Fargo & Company reduced their price target on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Evercore ISI dropped their price objective on BJ’s Wholesale Club from $100.00 to $85.00 and set an “in-line” rating for the company in a research note on Monday, November 17th. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Friday, August 15th. BTIG Research began coverage on shares of BJ’s Wholesale Club in a research note on Tuesday, October 14th. They issued a “buy” rating and a $120.00 target price on the stock. Finally, 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. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.06.

Insider Activity 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 on 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 transaction, the chief executive officer owned 296,735 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, EVP Graham Luce sold 6,300 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the sale, the executive vice president owned 11,617 shares in the company, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.40% of the company’s stock.

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.