Boston Common Asset Management LLC Raises Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Boston Common Asset Management LLC lifted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 21.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,815 shares of the company’s stock after purchasing an additional 3,873 shares during the period. Boston Common Asset Management LLC’s holdings in BJ’s Wholesale Club were worth $2,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of BJ’s Wholesale Club in the second quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club in the first quarter worth approximately $33,000. Ameritas Advisory Services LLC purchased a new stake in shares of BJ’s Wholesale Club in the second quarter worth approximately $35,000. HM Payson & Co. purchased a new stake in shares of BJ’s Wholesale Club in the first quarter worth approximately $41,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club in the first quarter worth approximately $43,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Up 1.9%

Shares of NYSE BJ opened at $92.74 on Friday. 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 stock has a market capitalization of $12.22 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.47 and a beta of 0.36. The stock’s fifty day simple moving average is $100.03 and its two-hundred day simple moving average is $107.94. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.92 and a 12-month high of $121.10.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. DA Davidson dropped their price objective on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a research note on Monday, August 25th. Gordon Haskett cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Friday, August 15th. Evercore ISI dropped their price objective on BJ’s Wholesale Club from $117.00 to $110.00 and set an “in-line” rating on the stock in a research note on Monday, August 25th. Finally, Morgan Stanley dropped their price objective on BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $114.63.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the sale, the executive vice president owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.08, for a total value of $6,432,634.88. Following the sale, the executive vice president directly owned 114,127 shares in the company, valued at $12,563,100.16. This trade represents a 33.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,561 shares of company stock worth $11,735,689 in the last ninety days. Insiders own 1.40% of the company’s stock.

About BJ’s Wholesale Club

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.