BJ's Wholesale Club Holdings, Inc. $BJ Shares Acquired by Comerica Bank

Key Points

• Comerica Bank increased its stake in BJ's Wholesale Club by **64.1%** in the first quarter, now holding **112,204 shares** valued at approximately **$12.8 million**.
• Institutional investors dominate the stock, owning **98.60%** of BJ's shares, with other firms like Bessemer Group increasing their stake by **65.9%** during the same period.
• Wall Street analysts have issued mixed price targets for BJ's Wholesale Club, with the current consensus price target at **$113.18** and an average rating of **"Moderate Buy."**

Comerica Bank increased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 64.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,204 shares of the company's stock after purchasing an additional 43,813 shares during the period. Comerica Bank owned 0.09% of BJ's Wholesale Club worth $12,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BJ. Wealth Enhancement Advisory Services LLC raised its position in shares of BJ's Wholesale Club by 92.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock valued at $2,448,000 after buying an additional 10,326 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in BJ's Wholesale Club during the 1st quarter valued at about $9,805,000. iSAM Funds UK Ltd bought a new position in shares of BJ's Wholesale Club during the fourth quarter valued at approximately $843,000. FORA Capital LLC bought a new position in BJ's Wholesale Club in the 4th quarter valued at $936,000. Finally, Colonial River Investments LLC bought a new position in shares of BJ's Wholesale Club in the first quarter worth about $308,000. 98.60% of the stock is currently owned by institutional investors.

BJ's Wholesale Club Stock Up 1.0%

BJ traded up $1.01 during trading on Friday, hitting $97.80. The stock had a trading volume of 2,087,590 shares, compared to its average volume of 2,718,968. The company has a market capitalization of $12.91 billion, a PE ratio of 22.43, a PEG ratio of 2.60 and a beta of 0.43. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. The stock has a 50 day simple moving average of $105.94 and a two-hundred day simple moving average of $109.70.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its 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 company 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%. BJ's Wholesale Club's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity

In other BJ's Wholesale Club news, 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 value of $1,916,732.00. Following the completion of the sale, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction that occurred on Friday, August 1st. The stock was 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 $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 138,061 shares of company stock valued at $15,027,745. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on BJ shares. Robert W. Baird upped their target price on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Citigroup dropped 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 note on Monday, August 25th. Wall Street Zen cut BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Roth Capital reissued a "neutral" rating and set a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average price target of $113.18.

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.