Amundi Lowers Stock Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Amundi has decreased its stake in BJ's Wholesale Club by 12.2%, now holding approximately 3.68% of the company valued at $573.6 million after selling nearly 674,000 shares.
• Other institutional investors have increased their holdings significantly, with Bank of New York Mellon Corp raising its stake by 199.7% and Wellington Management Group boosting its position by 449.6% in the first quarter.
• Insider selling includes CEO Robert W. Eddy, who sold 17,900 shares for around $1.9 million, representing a 4.63% decrease in his stock ownership.

Amundi decreased its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,843,989 shares of the company's stock after selling 673,931 shares during the quarter. Amundi owned approximately 3.68% of BJ's Wholesale Club worth $573,556,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. grew its stake in shares of BJ's Wholesale Club by 100.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 100,000 shares of the company's stock worth $11,410,000 after acquiring an additional 50,000 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of BJ's Wholesale Club by 7.7% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 24,160 shares of the company's stock worth $2,757,000 after acquiring an additional 1,730 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of BJ's Wholesale Club in the 1st quarter worth $3,286,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of BJ's Wholesale Club in the 1st quarter worth $440,000. Finally, Quarry LP bought a new stake in shares of BJ's Wholesale Club in the 1st quarter worth $48,000. Institutional investors own 98.60% of the company's stock.

Insider Transactions at BJ's Wholesale Club

In other news, EVP Paul Cichocki sold 58,436 shares of the 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 of the company's stock, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total transaction 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 approximately $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,161 shares of company stock valued at $13,023,303 in the last quarter. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 price target (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Robert W. Baird boosted their price target on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, Gordon Haskett downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a report on Friday, August 15th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and an average price target of $113.18.

BJ's Wholesale Club Stock Performance

NYSE:BJ traded up $0.31 on Friday, reaching $97.06. 1,888,776 shares of the company's stock were exchanged, compared to its average volume of 2,753,683. 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 firm has a market cap of $12.79 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.58 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The stock has a fifty day simple moving average of $104.25 and a 200-day simple moving average of $109.38.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued 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. 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 net margin of 2.77% and a return on equity of 30.40%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, sell-side analysts predict 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.