Bell Asset Management Ltd Cuts Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Bell Asset Management cut its BJ’s Wholesale Club position by 38.5% in the third quarter, selling 13,471 shares and retaining 21,497 shares worth approximately $1.98 million.
• Institutional investors own 98.6% of BJ’s shares, while company insiders have sold 90,416 shares worth about $8.98 million over the past 90 days.
• BJ’s recently beat quarterly estimates, reporting $1.36 in EPS and $6.23 billion in revenue, up 15.7% year over year. Analysts’ average rating is “Hold,” with an average price target of $106.06.

Bell Asset Management Ltd cut its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 38.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,497 shares of the company's stock after selling 13,471 shares during the period. Bell Asset Management Ltd's holdings in BJ's Wholesale Club were worth $1,978,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BJ's Wholesale Club in the 2nd quarter worth approximately $27,242,000. Entropy Technologies LP bought a new stake in shares of BJ's Wholesale Club during the first quarter valued at approximately $1,135,000. Focus Partners Wealth boosted its position in shares of BJ's Wholesale Club by 6.2% during the fourth quarter. Focus Partners Wealth now owns 517,731 shares of the company's stock valued at $47,256,000 after purchasing an additional 30,095 shares in the last quarter. Sei Investments Co. lifted its position in BJ's Wholesale Club by 19.6% during the first quarter. Sei Investments Co. now owns 396,598 shares of the company's stock valued at $39,033,000 after buying an additional 64,942 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of BJ's Wholesale Club during the 4th quarter valued at $6,780,000. Institutional investors own 98.60% of the company's stock.

Insider Buying and Selling at BJ's Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,500 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total transaction of $144,975.00. Following the completion of the sale, the senior vice president owned 13,269 shares in the company, valued at approximately $1,282,448.85. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Eddy sold 8,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $95.22, for a total value of $761,760.00. Following the completion of the transaction, the chief executive officer directly owned 266,330 shares in the company, valued at approximately $25,359,942.60. This represents a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 90,416 shares of company stock worth $8,984,844. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of several recent research reports. Citigroup lifted their target price on shares of BJ's Wholesale Club from $100.00 to $111.00 and gave the company a "buy" rating in a report on Monday, August 24th. Wall Street Zen upgraded BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. William Blair downgraded BJ's Wholesale Club from a "mixed" rating to a "hold" rating in a report on Monday, August 17th. Gordon Haskett raised BJ's Wholesale Club from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research report on Monday, August 24th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BJ's Wholesale Club has an average rating of "Hold" and an average target price of $106.06.

BJ's Wholesale Club Price Performance

NYSE BJ opened at $98.98 on Friday. BJ's Wholesale Club Holdings, Inc. has a one year low of $83.21 and a one year high of $105.78. The stock has a 50-day moving average of $93.73 and a 200 day moving average of $92.55. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.82 and a beta of 0.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.19 and a current ratio of 0.73.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.19. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The business had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.97 billion. During the same quarter in the prior year, the business earned $1.14 EPS. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. BJ's Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 4.7 EPS for the current year.

BJ's Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc operates a membership-based warehouse club business in the United States. Through its BJ's Wholesale Club locations, the company offers members a broad selection of products at discounted prices, including groceries, fresh foods, household essentials, electronics, appliances, furniture, apparel, health and beauty products, and seasonal merchandise.

The company also operates gasoline stations at many of its clubs and provides services such as optical, tire, and home-improvement offerings in select locations.

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