Legacy Wealth Asset Management LLC Has $258,000 Stake in BJ’s Wholesale Club Holdings, Inc. $BJ

Legacy Wealth Asset Management LLC decreased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 23.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,394 shares of the company’s stock after selling 718 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in BJ’s Wholesale Club were worth $258,000 at the end of the most recent reporting period.

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

Insider Transactions at BJ’s Wholesale Club

In related news, EVP Paul Cichocki sold 58,436 shares of BJ’s Wholesale Club stock in a transaction dated Friday, August 1st. The stock was 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 in the company, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. 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 BJ’s Wholesale Club stock in a transaction dated Wednesday, September 17th. The stock was 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 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. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BTIG Research assumed coverage on BJ’s Wholesale Club in a research note on Tuesday, October 14th. They issued a “buy” rating and a $120.00 price target on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. Weiss Ratings downgraded BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. DA Davidson lowered their target price on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Finally, Wall Street Zen downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.65.

BJ’s Wholesale Club Trading Up 0.0%

BJ’s Wholesale Club stock opened at $93.95 on Wednesday. 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 stock has a market capitalization of $12.38 billion, a P/E ratio of 21.55, a PEG ratio of 2.50 and a beta of 0.36. The stock has a 50-day simple moving average of $96.43 and a 200 day simple moving average of $106.21.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 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 business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter last year, the company posted $1.09 earnings per share. BJ’s Wholesale Club’s quarterly revenue 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. Analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current 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.