State of Alaska Department of Revenue Buys 9,199 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

State of Alaska Department of Revenue boosted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 61.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,147 shares of the company’s stock after purchasing an additional 9,199 shares during the quarter. State of Alaska Department of Revenue’s holdings in BJ’s Wholesale Club were worth $2,251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Benjamin Edwards Inc. acquired a new position in shares of BJ’s Wholesale Club during the third quarter valued at about $275,000. SG Americas Securities LLC increased its stake in BJ’s Wholesale Club by 256.8% during the third quarter. SG Americas Securities LLC now owns 67,945 shares of the company’s stock valued at $6,336,000 after acquiring an additional 48,903 shares during the period. HB Wealth Management LLC increased its stake in BJ’s Wholesale Club by 34.0% during the third quarter. HB Wealth Management LLC now owns 3,241 shares of the company’s stock valued at $302,000 after acquiring an additional 822 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in BJ’s Wholesale Club by 48.7% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 583,416 shares of the company’s stock valued at $54,404,000 after acquiring an additional 191,200 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of BJ’s Wholesale Club by 8.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 64,152 shares of the company’s stock worth $5,982,000 after acquiring an additional 4,829 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Up 0.6%

Shares of NYSE BJ opened at $95.99 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $86.68 and a 52-week high of $121.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79. The business has a fifty day moving average of $91.85 and a two-hundred day moving average of $96.72. The stock has a market cap of $12.56 billion, a PE ratio of 22.12, a PEG ratio of 2.64 and a beta of 0.33.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.07. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. As a group, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BJ. Barclays cut BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $115.00 to $90.00 in a research report on Wednesday, January 7th. Robert W. Baird decreased their price target on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. BTIG Research restated a “buy” rating and issued a $120.00 price objective on shares of BJ’s Wholesale Club in a research note on Friday, November 21st. DA Davidson reaffirmed a “buy” rating and set a $123.00 price objective on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Hold” and an average price target of $109.64.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction that occurred on 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 transaction, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William C. Werner sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the transaction, the executive vice president directly owned 50,498 shares in the company, valued at $4,599,862.82. The trade was a 12.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

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.