Johnson Investment Counsel Inc. Grows Stake in BJ’s Wholesale Club Holdings, Inc. $BJ

Johnson Investment Counsel Inc. lifted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,238 shares of the company’s stock after purchasing an additional 181 shares during the period. Johnson Investment Counsel Inc.’s holdings in BJ’s Wholesale Club were worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of BJ’s Wholesale Club during the second quarter worth about $26,000. REAP Financial Group LLC increased its stake in shares of BJ’s Wholesale Club by 152.5% during the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club during the first quarter worth about $33,000. Ameritas Advisory Services LLC purchased a new stake in BJ’s Wholesale Club during the 2nd quarter valued at about $35,000. Finally, HM Payson & Co. purchased a new stake in BJ’s Wholesale Club during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $92.85 on Tuesday. The firm has a 50 day simple moving average of $98.09 and a 200-day simple moving average of $107.06. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $83.92 and a 1-year high of $121.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.40 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter 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. On average, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

BJ has been the subject of several research reports. Citigroup dropped their price objective on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 25th. Wall Street Zen cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Morgan Stanley dropped their price objective on shares of BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, August 25th. JPMorgan Chase & Co. dropped their price objective on shares of BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, August 25th. Finally, Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Friday, August 15th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $114.31.

Insider Activity at BJ’s Wholesale Club

In related news, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the completion of the transaction, the executive vice president 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

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.