BJ’s Wholesale Club Holdings, Inc. $BJ Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,862,978 shares of the company’s stock after selling 106,392 shares during the period. Bessemer Group Inc. owned approximately 2.93% of BJ’s Wholesale Club worth $360,222,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in BJ’s Wholesale Club in the second quarter valued at $577,000. Ameritas Advisory Services LLC purchased a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth about $35,000. QRG Capital Management Inc. lifted its stake in shares of BJ’s Wholesale Club by 68.1% in the 2nd quarter. QRG Capital Management Inc. now owns 7,881 shares of the company’s stock valued at $850,000 after purchasing an additional 3,193 shares in the last quarter. OLD National Bancorp IN lifted its stake in shares of BJ’s Wholesale Club by 10.4% in the 2nd quarter. OLD National Bancorp IN now owns 3,405 shares of the company’s stock valued at $367,000 after purchasing an additional 321 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in BJ’s Wholesale Club by 10.8% in the second quarter. DAVENPORT & Co LLC now owns 3,370 shares of the company’s stock valued at $363,000 after buying an additional 328 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 2.9%

NYSE:BJ opened at $98.59 on Thursday. 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 company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.49 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a one year low of $86.68 and a one year high of $121.10. The stock has a 50-day simple moving average of $92.72 and a 200 day simple moving average of $95.39.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the business posted $1.18 EPS. BJ’s Wholesale Club’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. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

BJ has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Barclays cut BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $115.00 to $90.00 in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Morgan Stanley reduced their price target on BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Finally, DA Davidson reiterated a “buy” rating and set a $123.00 price objective on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and a consensus price target of $107.63.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $91.09, for a total value of $637,630.00. Following the transaction, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. This trade represents a 12.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.