BJ's Wholesale Club Holdings, Inc. $BJ Shares Sold by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC reduced its stake in BJ's Wholesale Club by 29.1% during the second quarter, selling 17,649 shares, bringing its total to 43,015 shares valued at approximately $4.6 million.
• Several institutional investors significantly increased their holdings in BJ's Wholesale Club during the first quarter, with the Bank of New York Mellon Corp raising its stake by 199.7%, and Wellington Management boosting it by 449.6%.
• BJ's Wholesale Club reported Q2 earnings of $1.14 per share, surpassing analysts’ estimates, although its revenue of $5.38 billion fell short of expectations of $5.49 billion.

Reinhart Partners LLC. decreased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 29.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,015 shares of the company's stock after selling 17,649 shares during the period. Reinhart Partners LLC.'s holdings in BJ's Wholesale Club were worth $4,638,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in BJ's Wholesale Club during the second quarter valued at about $205,000. Thrive Wealth Management LLC grew its stake in shares of BJ's Wholesale Club by 6.9% during the second quarter. Thrive Wealth Management LLC now owns 2,657 shares of the company's stock valued at $287,000 after buying an additional 172 shares during the last quarter. Fox Hill Wealth Management grew its stake in shares of BJ's Wholesale Club by 0.7% during the second quarter. Fox Hill Wealth Management now owns 31,189 shares of the company's stock valued at $3,363,000 after buying an additional 230 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of BJ's Wholesale Club by 24.2% during the first quarter. Voya Investment Management LLC now owns 29,878 shares of the company's stock valued at $3,409,000 after buying an additional 5,815 shares during the last quarter. Finally, Strs Ohio purchased a new position in BJ's Wholesale Club during the 1st quarter valued at about $24,569,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 1.8%

Shares of NYSE BJ traded down $1.77 during mid-day trading on Friday, reaching $96.04. The company had a trading volume of 4,318,473 shares, compared to its average volume of 2,409,894. The business's 50-day moving average is $102.52 and its 200-day moving average is $109.15. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 2.61 and a beta of 0.40. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $80.43 and a 52 week high of $121.10.

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 for the quarter, beating the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.38 billion during 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% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the transaction, the chief executive officer directly owned 368,333 shares of the company's stock, valued at $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Graham Luce sold 6,300 shares of BJ's Wholesale Club stock in a transaction on 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 transaction, the executive vice president directly owned 11,617 shares in the company, valued at $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,461 shares of company stock valued at $13,652,421 over the last ninety days. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BJ has been the topic of several research reports. Citigroup cut their price objective on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. UBS Group dropped their price target 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, August 25th. Wall Street Zen lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Finally, DA Davidson lowered their price target on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

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.