Vestmark Advisory Solutions Inc. Sells 40,314 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Vestmark Advisory Solutions Inc. reduced its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 49.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,600 shares of the company’s stock after selling 40,314 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in BJ’s Wholesale Club were worth $4,486,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of BJ’s Wholesale Club by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock valued at $498,219,000 after buying an additional 35,130 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in BJ’s Wholesale Club by 29.8% during the first 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 period. Bank of New York Mellon Corp raised its position in BJ’s Wholesale Club by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after purchasing an additional 11,203 shares during the period. Select Equity Group L.P. lifted its stake in shares of 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 valued at $198,458,000 after purchasing an additional 1,608,571 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of BJ’s Wholesale Club by 0.7% in 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. 98.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 6,300 shares of the firm’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 transaction, the executive vice president owned 11,617 shares in the company, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $89.71, for a total value of $1,605,629.58. Following the completion of the sale, the chief executive officer owned 296,735 shares of the company’s stock, valued at $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BJ shares. BTIG Research began coverage on BJ’s Wholesale Club in a report on Tuesday, October 14th. They set a “buy” rating and a $120.00 price target on the stock. Morgan Stanley reduced their target price on shares of BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, August 25th. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Friday, August 15th. Weiss Ratings cut shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. Ten investment 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, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average target price of $114.65.

BJ’s Wholesale Club Trading Up 2.9%

NYSE BJ opened at $91.48 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $83.92 and a 12 month high of $121.10. The company’s 50-day moving average price is $93.85 and its 200-day moving average price is $103.91. The stock has a market cap of $12.05 billion, a PE ratio of 20.98, a PEG ratio of 2.44 and a beta of 0.33. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19.

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, 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 company had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.49 billion. During the same period in the previous year, the company earned $1.09 EPS. The firm’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. Equities research analysts forecast 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.