Bleakley Financial Group LLC Sells 3,306 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Bleakley Financial Group LLC lessened its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 22.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,564 shares of the company’s stock after selling 3,306 shares during the period. Bleakley Financial Group LLC’s holdings in BJ’s Wholesale Club were worth $1,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BJ. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of BJ’s Wholesale Club by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock valued at $498,219,000 after acquiring an additional 35,130 shares during the period. Massachusetts Financial Services Co. MA raised its stake in BJ’s Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock valued at $368,393,000 after purchasing an additional 741,782 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in BJ’s Wholesale Club by 199.7% in 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 purchasing an additional 1,989,980 shares during the period. Select Equity Group L.P. grew its position in BJ’s Wholesale Club by 1,230.1% in the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock worth $198,458,000 after purchasing an additional 1,608,571 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of BJ’s Wholesale Club by 0.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,534,337 shares of the company’s stock worth $175,068,000 after purchasing an additional 11,119 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul Cichocki sold 58,436 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was 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 $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

BJ has been the subject of several research reports. BTIG Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Tuesday, October 14th. They issued a “buy” rating and a $120.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of BJ’s Wholesale Club in a report on Friday. Jefferies Financial Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. DA Davidson reduced their target price on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating for the company in a research report on Monday, August 25th. Finally, Citigroup lowered their price target on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, August 25th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.65.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $91.66 on Friday. The business has a 50 day simple moving average of $95.81 and a 200 day simple moving average of $105.80. 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 company has a market capitalization of $12.08 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.45 and a beta of 0.36. 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 data on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 30.40% and a net margin of 2.77%.The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal 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.