BJ's Wholesale Club Holdings, Inc. $BJ Shares Sold by Sendero Wealth Management LLC

Key Points

• Sendero Wealth Management LLC reduced its stake in BJ's Wholesale Club by 52.0%, now holding 4,591 shares valued at approximately $495,000.
• Insider selling activities included EVP Paul Cichocki selling 58,436 shares for over $6.43 million, while several executives reduced their holdings significantly.
• BJ's Wholesale Club reported $1.14 earnings per share for the last quarter, exceeding estimates while revenues saw a 3.2% year-over-year increase to $5.38 billion.

Sendero Wealth Management LLC lowered its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 52.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,591 shares of the company's stock after selling 4,979 shares during the period. Sendero Wealth Management LLC's holdings in BJ's Wholesale Club were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in BJ's Wholesale Club during the 2nd quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC acquired a new position in BJ's Wholesale Club during the first quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new stake in BJ's Wholesale Club in the second quarter valued at $35,000. HM Payson & Co. acquired a new stake in BJ's Wholesale Club during the 1st quarter worth about $41,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at about $43,000. Institutional investors and hedge funds 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 firm's 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 approximately $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Graham Luce sold 6,300 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the transaction, the executive vice president owned 11,617 shares in the company, valued at $1,160,073.62. The trade was a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,561 shares of company stock valued at $11,735,689 over the last quarter. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Price Performance

NYSE:BJ opened at $92.74 on Monday. The stock has a 50 day moving average of $100.03 and a two-hundred day moving average of $107.93. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $83.92 and a 12 month high of $121.10. The firm has a market cap of $12.22 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.47 and a beta of 0.36. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.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 previous year, the company posted $1.09 earnings per share. The business's revenue was up 3.2% on a year-over-year basis. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BJ shares. UBS Group lowered 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 note on Monday, August 25th. Citigroup dropped their price objective on shares of BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. Evercore ISI cut their target price on shares of BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating for the company in a report on Monday, August 25th. Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, August 22nd. Finally, Morgan Stanley cut their price objective 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. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and an average target price of $114.63.

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.

Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.