Aberdeen Group plc Acquires 3,149 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Aberdeen Group plc increased its holdings in BJ's Wholesale Club by 1.5% during the 2nd quarter, bringing their total stake to 211,047 shares, valued at approximately $22.76 million.
• Several investment firms made moves with BJ's stock in Q2, with 98.60% of the stock now owned by institutional investors, indicating strong institutional interest.
• Recent analyst ratings have seen a downward revision of price targets for BJ's Wholesale Club, with an average target now at $114.31 and ratings ranging from "buy" to "hold".

Aberdeen Group plc increased its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,047 shares of the company's stock after purchasing an additional 3,149 shares during the quarter. Aberdeen Group plc owned approximately 0.16% of BJ's Wholesale Club worth $22,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group bought a new stake in BJ's Wholesale Club during the 2nd quarter valued at approximately $26,000. REAP Financial Group LLC boosted its position in BJ's Wholesale Club by 152.5% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company's stock valued at $27,000 after acquiring an additional 151 shares in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in BJ's Wholesale Club during the 1st quarter valued at approximately $33,000. Ameritas Advisory Services LLC bought a new stake in BJ's Wholesale Club during the 2nd quarter valued at approximately $35,000. Finally, HM Payson & Co. bought a new stake in BJ's Wholesale Club during the 1st quarter valued at approximately $41,000. 98.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BJ has been the topic of several research reports. DA Davidson cut their price objective 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. Morgan Stanley cut their price objective on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Monday, August 25th. Evercore ISI cut their price objective on BJ's Wholesale Club from $108.00 to $105.00 and set an "in-line" rating on the stock in a research report on Tuesday, October 7th. Jefferies Financial Group reiterated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Finally, UBS Group lowered their target price on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $114.31.

BJ's Wholesale Club Price Performance

Shares of NYSE BJ opened at $92.85 on Tuesday. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $83.92 and a twelve month high of $121.10. The firm has a market cap of $12.23 billion, a P/E ratio of 21.30, a PEG ratio of 2.40 and a beta of 0.36. The company has a 50 day moving average of $98.09 and a 200 day moving average of $107.06. 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 - Get Free Report) last announced its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $5.49 billion. During the same period in the previous year, the business earned $1.09 EPS. The firm'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. As a group, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Graham Luce sold 6,300 shares of the business'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 value of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares in the company, valued at $1,160,073.62. The trade was a 35.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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. The trade was a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

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.

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