Oak Ridge Investments LLC Sells 1,144 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Oak Ridge Investments LLC lessened its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,479 shares of the company’s stock after selling 1,144 shares during the quarter. Oak Ridge Investments LLC’s holdings in BJ’s Wholesale Club were worth $4,041,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of BJ’s Wholesale Club by 0.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock worth $498,219,000 after purchasing an additional 35,130 shares during the period. Bessemer Group Inc. raised its holdings in shares of BJ’s Wholesale Club by 65.9% in 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 during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of BJ’s Wholesale Club by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock worth $368,393,000 after purchasing an additional 741,782 shares during the period. Bank of New York Mellon Corp raised its holdings in BJ’s Wholesale Club by 199.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company’s stock valued at $340,759,000 after acquiring an additional 1,989,980 shares during the period. Finally, Select Equity Group L.P. raised its holdings in BJ’s Wholesale Club by 1,230.1% during the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock valued at $198,458,000 after acquiring an additional 1,608,571 shares during the period. Institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Paul Cichocki sold 58,436 shares of the company’s 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 completion of the transaction, the executive vice president directly owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Graham Luce sold 6,300 shares of the company’s 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 transaction, the executive vice president owned 11,617 shares of the company’s stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of analyst reports. DA Davidson lowered their target price on shares of BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, August 25th. Wall Street Zen cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Jefferies Financial Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, August 22nd. Weiss Ratings cut shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, UBS Group lowered their target price on shares of BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $114.31.

BJ’s Wholesale Club Stock Up 1.7%

BJ opened at $90.10 on Friday. The company has a fifty day moving average price of $98.38 and a 200-day moving average price of $107.23. The firm has a market capitalization of $11.87 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. BJ’s Wholesale Club Holdings, Inc. has a one year low of $83.92 and a one year high of $121.10.

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

BJ’s Wholesale Club Company 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.