Select Equity Group L.P. Has $198.46 Million Stock Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Select Equity Group L.P. significantly increased its stake in BJ's Wholesale Club by 1,230.1%, owning approximately 1.32% of the company worth $198.5 million after acquiring 1.6 million additional shares.
• Other institutional investors also increased their positions, with notable lifts from the Bank of New York Mellon Corp (199.7%), Bessemer Group Inc. (65.9%), and Wellington Management Group LLP (449.6%) during the same quarter.
• Despite the bullish activity from institutional investors, analysts are mixed, with target price adjustments causing some to downgrade ratings from "buy" to "hold", while maintaining an overall "Moderate Buy" consensus rating for the stock.

Select Equity Group L.P. grew its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1,230.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,739,337 shares of the company's stock after buying an additional 1,608,571 shares during the period. Select Equity Group L.P. owned approximately 1.32% of BJ's Wholesale Club worth $198,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BJ. Mercer Global Advisors Inc. ADV grew its holdings in shares of BJ's Wholesale Club by 14.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,582 shares of the company's stock valued at $677,000 after buying an additional 959 shares during the period. BNP Paribas Financial Markets grew its position in shares of BJ's Wholesale Club by 33.4% in the 4th quarter. BNP Paribas Financial Markets now owns 60,583 shares of the company's stock valued at $5,413,000 after purchasing an additional 15,173 shares during the period. Captrust Financial Advisors grew its position in shares of BJ's Wholesale Club by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company's stock valued at $629,000 after purchasing an additional 131 shares during the period. Cetera Investment Advisers grew its position in shares of BJ's Wholesale Club by 13.5% in the 4th quarter. Cetera Investment Advisers now owns 36,938 shares of the company's stock valued at $3,300,000 after purchasing an additional 4,386 shares during the period. Finally, Deutsche Bank AG grew its position in shares of BJ's Wholesale Club by 3,526.9% in the 4th quarter. Deutsche Bank AG now owns 595,571 shares of the company's stock valued at $53,214,000 after purchasing an additional 579,150 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

NYSE BJ traded up $0.30 on Friday, hitting $98.35. 355,254 shares of the stock were exchanged, compared to its average volume of 1,933,164. 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 business's fifty day moving average is $103.44 and its 200 day moving average is $109.22. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $79.55 and a 52 week high of $121.10. The company has a market capitalization of $12.96 billion, a PE ratio of 22.51, a P/E/G ratio of 2.60 and a beta of 0.40.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $5.49 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company's quarterly revenue was up 3.2% compared to the same quarter last year. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

BJ has been the subject of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. DA Davidson reduced their price target on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company 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 for the company in a report on Monday, August 25th. 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 for the company in a report on Monday, August 25th. Finally, Wall Street Zen cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Ten research 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, the company has an average rating of "Moderate Buy" and an average target price of $113.18.

Insider Buying and Selling 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 transaction, the executive vice president directly owned 114,127 shares of the company's stock, valued at $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Eddy sold 17,900 shares of the firm's 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 sale, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,161 shares of company stock worth $13,023,303 over the last ninety days. Insiders own 1.40% of the company's stock.

BJ's Wholesale Club 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.