Teacher Retirement System of Texas Buys 104,783 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Teacher Retirement System of Texas raised its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 611,418 shares of the company’s stock after purchasing an additional 104,783 shares during the period. Teacher Retirement System of Texas owned 0.46% of BJ’s Wholesale Club worth $57,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. REAP Financial Group LLC raised its holdings in 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 buying an additional 151 shares during the period. Roxbury Financial LLC purchased a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth about $28,000. Davis Capital Management bought a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $28,000. Eastern Bank purchased a new stake in BJ’s Wholesale Club in the 3rd quarter worth about $29,000. Finally, Root Financial Partners LLC bought a new stake in BJ’s Wholesale Club in the third quarter worth about $29,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BJ. TD Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Evercore ISI boosted their price objective on BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft began coverage on BJ’s Wholesale Club in a research note on Thursday, January 8th. They issued a “hold” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Finally, Barclays cut shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $115.00 to $90.00 in a report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $108.67.

BJ’s Wholesale Club Trading Up 1.4%

Shares of NYSE BJ opened at $95.93 on Friday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $86.68 and a twelve month high of $121.10. The firm has a market cap of $12.55 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.62 and a beta of 0.33. The business has a fifty day simple moving average of $92.08 and a two-hundred day simple moving average of $96.22. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18.

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

Insider Transactions at BJ’s Wholesale Club

In related 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 transaction of $1,605,629.58. Following the transaction, the chief executive officer directly owned 296,735 shares of the company’s stock, 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 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 transaction of $637,630.00. Following the completion of the transaction, the executive vice president directly owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This trade represents a 12.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Profile

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.