Allspring Global Investments Holdings LLC Takes $23.66 Million Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Allspring Global Investments Holdings LLC has acquired a new stake in BJ's Wholesale Club, purchasing 221,068 shares valued at approximately $23.66 million, representing 0.17% of the company's stock.
• Analysts have mixed reviews on BJ's shares, with JPMorgan lowering their price objective to $110, while BTIG Research initiated coverage with a buy rating and a target of $120.
• BJ's Wholesale Club reported $1.14 earnings per share for the last quarter, exceeding estimates, and has set its FY 2025 EPS guidance at 4.20-4.35.

Allspring Global Investments Holdings LLC acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 221,068 shares of the company's stock, valued at approximately $23,663,000. Allspring Global Investments Holdings LLC owned 0.17% of BJ's Wholesale Club at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Index Fund Advisors Inc. bought a new stake in shares of BJ's Wholesale Club during the 2nd quarter valued at $293,000. CWM LLC raised its position in shares of BJ's Wholesale Club by 21.5% during the 2nd quarter. CWM LLC now owns 22,924 shares of the company's stock valued at $2,472,000 after purchasing an additional 4,052 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of BJ's Wholesale Club by 6.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,774 shares of the company's stock valued at $1,917,000 after purchasing an additional 1,114 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of BJ's Wholesale Club during the 2nd quarter valued at $351,000. Finally, Johnson Investment Counsel Inc. raised its position in shares of BJ's Wholesale Club by 0.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 20,238 shares of the company's stock valued at $2,182,000 after purchasing an additional 181 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BJ shares. JPMorgan Chase & Co. decreased their price objective on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a research report on Monday, August 25th. BTIG Research began coverage on shares of BJ's Wholesale Club in a report on Tuesday. They issued a "buy" rating and a $120.00 price target on the stock. Morgan Stanley reduced their price target on shares of BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday, August 25th. UBS Group reduced their price target on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Finally, Citigroup reduced 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 given a Hold rating to the company. Based on data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.65.

Insider Transactions at BJ's Wholesale Club

In other news, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.08, for a total value of $6,432,634.88. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Graham Luce sold 6,300 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was 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 in the company, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

BJ's Wholesale Club Stock Performance

BJ's Wholesale Club stock opened at $92.99 on Friday. The company's 50-day moving average price is $97.26 and its 200-day moving average price is $106.74. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $83.92 and a twelve month 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. The company has a market cap of $12.25 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.52 and a beta of 0.36.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results 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 firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the previous year, the firm posted $1.09 EPS. The business'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. On average, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal 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.

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