Blue Trust Inc. Sells 865 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Blue Trust Inc. trimmed its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 63.3% during the second quarter, HoldingsChannel reports. The firm owned 502 shares of the company’s stock after selling 865 shares during the quarter. Blue Trust Inc.’s holdings in BJ’s Wholesale Club were worth $54,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BJ. GAMMA Investing LLC boosted its position in shares of BJ’s Wholesale Club by 52.8% during the first quarter. GAMMA Investing LLC now owns 6,040 shares of the company’s stock worth $689,000 after purchasing an additional 2,087 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in BJ’s Wholesale Club by 92.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company’s stock valued at $2,448,000 after acquiring an additional 10,326 shares in the last quarter. QRG Capital Management Inc. lifted its position in BJ’s Wholesale Club by 8.3% in the 1st quarter. QRG Capital Management Inc. now owns 4,688 shares of the company’s stock valued at $535,000 after acquiring an additional 359 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in BJ’s Wholesale Club in the 1st quarter valued at $232,000. Finally, Covea Finance bought a new stake in BJ’s Wholesale Club in the 1st quarter valued at $2,567,000. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $94.13 on Friday. The company’s 50 day moving average price is $96.97 and its two-hundred day moving average price is $106.54. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.92 and a 12-month high of $121.10. The firm has a market cap of $12.40 billion, a PE ratio of 21.59, a PEG ratio of 2.51 and a beta of 0.36. 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 announced its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s 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. Equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BJ has been the topic of several research reports. Citigroup cut their price objective on shares of 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. BTIG Research initiated coverage on shares of BJ’s Wholesale Club in a research note on Tuesday. They issued a “buy” rating and a $120.00 price target on the stock. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Friday, August 15th. Evercore ISI lowered their price target on shares of BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Finally, Wall Street Zen lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average target price of $114.65.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the transaction, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. This represents a 33.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 $1,160,073.62. This represents a 35.16% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club 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.