Reinhart Partners LLC. Sells 17,649 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Reinhart Partners LLC. lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 29.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,015 shares of the company’s stock after selling 17,649 shares during the quarter. Reinhart Partners LLC.’s holdings in BJ’s Wholesale Club were worth $4,638,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BJ. Bank of New York Mellon Corp increased its position in BJ’s Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company’s stock worth $340,759,000 after acquiring an additional 1,989,980 shares during the period. Bessemer Group Inc. grew its position in shares of BJ’s Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company’s stock worth $477,709,000 after purchasing an additional 1,662,415 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of BJ’s Wholesale Club by 1,230.1% during the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock worth $198,458,000 after purchasing an additional 1,608,571 shares during the period. Wellington Management Group LLP boosted its stake in shares of BJ’s Wholesale Club by 449.6% in the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company’s stock valued at $128,477,000 after buying an additional 921,139 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of BJ’s Wholesale Club by 195.6% during the 1st quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company’s stock worth $136,019,000 after purchasing an additional 792,808 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the completion of the transaction, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,161 shares of company stock valued at $13,023,303. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $99.41 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $102.86 and its two-hundred day simple moving average is $109.23. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $79.55 and a 12 month high of $121.10. The stock has a market capitalization of $13.10 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.66 and a beta of 0.40.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.04. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same period last year, the company posted $1.09 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BJ shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. DA Davidson cut their target price on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, August 25th. JPMorgan Chase & Co. decreased their price target on BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Wall Street Zen cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Citigroup reduced their price objective on BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, August 25th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.18.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.