Heartland Advisors Inc. Takes $750,000 Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Heartland Advisors Inc. bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,046 shares of the company’s stock, valued at approximately $750,000.

Several other institutional investors have also added to or reduced their stakes in BJ. Franklin Resources Inc. increased its position in BJ’s Wholesale Club by 2.2% in the second quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock worth $615,963,000 after purchasing an additional 121,183 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of BJ’s Wholesale Club by 31.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock worth $446,817,000 after purchasing an additional 1,152,591 shares during the period. Bank of New York Mellon Corp raised its holdings in BJ’s Wholesale Club by 0.4% during the 2nd 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 period. Select Equity Group L.P. boosted its stake in BJ’s Wholesale Club by 38.6% during the second quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock worth $260,028,000 after buying an additional 672,122 shares during the period. Finally, Geode Capital Management LLC increased its position in BJ’s Wholesale Club by 1.3% during the second quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock valued at $253,709,000 after acquiring an additional 29,076 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Activity

In other news, EVP William C. Werner sold 7,000 shares of the stock in a transaction 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 sale, the executive vice president owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Trading Down 3.4%

BJ opened at $99.30 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.66 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $86.68 and a 12 month high of $121.10. The stock has a fifty day moving average price of $94.43 and a 200-day moving average price of $95.01.

BJ’s Wholesale Club (NYSE:BJ) last announced 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 net margin of 2.72% and a return on equity of 28.66%. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the previous year, the company posted $1.18 earnings per share. The firm’s revenue 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. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

BJ has been the topic of several analyst reports. Evercore upped their price target on shares of 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. Wells Fargo & Company decreased their price target on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. BTIG Research reaffirmed a “buy” rating and issued a $120.00 price objective on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. Melius Research downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Friday, January 23rd. Finally, Robert W. Baird reduced 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. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $107.63.

BJ’s Wholesale Club Company 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.