Mirae Asset Global Investments Co. Ltd. Buys New Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 5,347 shares of the company’s stock, valued at approximately $577,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in BJ’s Wholesale Club during the 2nd quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC purchased a new position in BJ’s Wholesale Club during the 1st quarter valued at approximately $33,000. HM Payson & Co. purchased a new position in BJ’s Wholesale Club during the 1st quarter valued at approximately $41,000. Bartlett & CO. Wealth Management LLC purchased a new position in BJ’s Wholesale Club during the 1st quarter valued at approximately $43,000. Finally, Quarry LP purchased a new position in BJ’s Wholesale Club during the 1st quarter valued at approximately $48,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $90.10 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.92 and a 52-week high of $121.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. The firm has a market capitalization of $11.87 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.36 and a beta of 0.36. The stock has a 50 day moving average price of $98.38 and a 200 day moving average price of $107.25.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned $1.09 EPS. BJ’s Wholesale Club’s quarterly revenue was up 3.2% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group cut their price target on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a report on Monday, August 25th. DA Davidson cut their price target on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating for the company in a report on Monday, August 25th. Morgan Stanley cut their price target on BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating for the company in a report 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 cut their price target on BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.31.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of BJ’s Wholesale Club 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 completion of the sale, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. The trade was a 35.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of BJ’s Wholesale Club 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 of the company’s stock, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.