Rockefeller Capital Management L.P. Decreases Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Rockefeller Capital Management L.P. lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 610,468 shares of the company’s stock after selling 217,304 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in BJ’s Wholesale Club were worth $54,960,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BJ. BOK Financial Private Wealth Inc. acquired a new position in BJ’s Wholesale Club during the 4th quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in BJ’s Wholesale Club in the fourth quarter valued at approximately $25,000. Parkside Financial Bank & Trust grew its position in BJ’s Wholesale Club by 147.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of BJ’s Wholesale Club during the third quarter valued at approximately $34,000. Finally, Leonteq Securities AG purchased a new stake in shares of BJ’s Wholesale Club during the fourth quarter valued at approximately $43,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. DA Davidson boosted their price objective on shares of BJ’s Wholesale Club from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. William Blair reiterated a “mixed” rating on shares of BJ’s Wholesale Club in a report on Thursday, March 5th. Finally, Evercore reissued a “positive” rating on shares of BJ’s Wholesale Club in a research report on Thursday, March 5th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.27.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 2,050 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total transaction of $186,939.50. Following the transaction, the senior vice president directly owned 14,769 shares in the company, valued at $1,346,785.11. This represents a 12.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total transaction of $728,160.00. Following the transaction, the chief executive officer owned 306,330 shares in the company, valued at $27,882,156.60. This trade represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,550 shares of company stock valued at $2,435,904 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ stock opened at $85.33 on Friday. The stock’s 50 day moving average is $91.42 and its two-hundred day moving average is $93.99. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.65 and a 52-week high of $115.43. The company has a market capitalization of $10.90 billion, a PE ratio of 19.62, a P/E/G ratio of 3.18 and a beta of 0.23. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the prior year, the business posted $1.14 EPS. The business’s revenue was up 9.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

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.