Ameriprise Financial Inc. Cuts Stock Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Ameriprise Financial Inc. reduced its stake in BJ's Wholesale Club by 17.9%, selling 192,354 shares and holding about 0.67% of the company by the end of the first quarter.
• BJ's Wholesale Club's stock is currently down 8.6% and has experienced a one year low of $76.33 and a high of $121.10.
• Analysts have generally rated BJ's Wholesale Club positively, with an average rating of "Moderate Buy" and a consensus target price of $116.82 for the stock.

Ameriprise Financial Inc. trimmed its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883,504 shares of the company's stock after selling 192,354 shares during the period. Ameriprise Financial Inc. owned about 0.67% of BJ's Wholesale Club worth $100,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. CW Advisors LLC lifted its position in shares of BJ's Wholesale Club by 27.6% during the first quarter. CW Advisors LLC now owns 57,296 shares of the company's stock valued at $6,537,000 after buying an additional 12,386 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of BJ's Wholesale Club during the first quarter valued at $3,751,000. Hsbc Holdings PLC increased its position in shares of BJ's Wholesale Club by 4.9% in the 1st quarter. Hsbc Holdings PLC now owns 7,734 shares of the company's stock valued at $880,000 after acquiring an additional 361 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in BJ's Wholesale Club by 43.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 34,619 shares of the company's stock worth $3,950,000 after acquiring an additional 10,414 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in BJ's Wholesale Club by 449.6% in the 1st quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company's stock worth $128,477,000 after acquiring an additional 921,139 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on BJ. Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research note on Friday, August 15th. UBS Group dropped their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday. Jefferies Financial Group reiterated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Robert W. Baird lifted their price objective on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Price Performance

NYSE BJ traded up $0.76 during trading hours on Friday, reaching $97.55. The company's stock had a trading volume of 1,075,810 shares, compared to its average volume of 1,925,199. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 2.59 and a beta of 0.43. The company's 50-day moving average is $106.18 and its two-hundred day moving average is $109.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $76.33 and a 1-year high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted 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. The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The company's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity

In other news, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares in the company, valued at $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,061 shares of company stock valued at $15,027,745. 1.40% of the stock is owned by corporate insiders.

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.