BJ’s Wholesale Club Holdings, Inc. $BJ Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 644,726 shares of the company’s stock after selling 26,417 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.49% of BJ’s Wholesale Club worth $69,521,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. IFP Advisors Inc grew its position in shares of BJ’s Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company’s stock valued at $58,000 after purchasing an additional 92 shares during the last quarter. Fulton Bank N.A. grew its position in shares of BJ’s Wholesale Club by 1.9% in the second quarter. Fulton Bank N.A. now owns 5,174 shares of the company’s stock valued at $558,000 after purchasing an additional 98 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of BJ’s Wholesale Club by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the company’s stock valued at $4,000,000 after purchasing an additional 100 shares during the last quarter. Greenleaf Trust grew its position in shares of BJ’s Wholesale Club by 4.3% in the first quarter. Greenleaf Trust now owns 2,450 shares of the company’s stock valued at $280,000 after purchasing an additional 101 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of BJ’s Wholesale Club by 3.1% in the second quarter. Sequoia Financial Advisors LLC now owns 3,346 shares of the company’s stock valued at $361,000 after purchasing an additional 101 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of 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. DA Davidson reduced their price objective on shares of 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. UBS Group reduced their price objective on shares of BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, August 25th. Gordon Haskett downgraded shares of 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. Finally, Evercore ISI reduced their price objective on shares of BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.65.

Insider Buying and Selling at BJ’s Wholesale Club

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 shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the transaction, the executive vice president owned 11,617 shares in the company, valued at $1,160,073.62. This trade represents a 35.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Down 0.6%

Shares of BJ opened at $89.39 on Friday. The firm has a market cap of $11.78 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.36. The company’s fifty day moving average is $94.66 and its two-hundred day moving average is $105.14. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. The company had revenue of $5.38 billion for 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%. BJ’s Wholesale Club’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

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.