BJ's Wholesale Club Holdings, Inc. $BJ Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE has reduced its stake in BJ's Wholesale Club by 14.2%, holding 16,243 shares valued at approximately $1.75 million as of the end of the most recent quarter.
• BJ's Wholesale Club reported $1.14 earnings per share (EPS) for the last quarter, exceeding analysts' estimates of $1.10, and estimated FY 2025 guidance is set between 4.200-4.35 EPS.
• Despite a positive earnings report, stock analysts have mixed ratings for BJ's Wholesale Club, with ten holding a "buy" rating and another ten issuing a "hold" rating, reflecting a consensus price target of $114.65.

US Bancorp DE reduced its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,243 shares of the company's stock after selling 2,681 shares during the period. US Bancorp DE's holdings in BJ's Wholesale Club were worth $1,751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BJ. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of BJ's Wholesale Club during the second quarter worth $26,000. REAP Financial Group LLC lifted its stake in shares of BJ's Wholesale Club by 152.5% during the second quarter. REAP Financial Group LLC now owns 250 shares of the company's stock worth $27,000 after buying an additional 151 shares during the period. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of BJ's Wholesale Club during the first quarter worth $33,000. Ameritas Advisory Services LLC acquired a new stake in shares of BJ's Wholesale Club during the second quarter worth $35,000. Finally, HM Payson & Co. acquired a new stake in shares of BJ's Wholesale Club during the first quarter worth $41,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Up 0.8%

BJ stock opened at $94.86 on Thursday. The stock has a market capitalization of $12.50 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.51 and a beta of 0.36. The firm has a 50-day simple moving average of $97.57 and a 200-day simple moving average of $106.89. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $83.92 and a 52 week high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.49 billion. During the same quarter in the prior year, the company earned $1.09 EPS. BJ's Wholesale Club's 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. Equities analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BJ shares. BTIG Research started coverage on shares of BJ's Wholesale Club in a research note on Tuesday. They set a "buy" rating and a $120.00 price objective for the company. Weiss Ratings downgraded shares of BJ's Wholesale Club from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Jefferies Financial Group restated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. Wall Street Zen downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, UBS Group decreased their target price on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.65.

Insider Activity

In related news, EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the completion of the sale, the executive vice president owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Graham Luce sold 6,300 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were 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 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. 1.40% of the stock is currently owned by corporate insiders.

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.

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.