Corebridge Financial Inc. cut its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,902 shares of the company's stock after selling 4,118 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of BJ's Wholesale Club worth $16,647,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of BJ. TD Waterhouse Canada Inc. grew its position in shares of BJ's Wholesale Club by 9,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock valued at $70,000 after purchasing an additional 776 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of BJ's Wholesale Club during the fourth quarter valued at approximately $4,468,000. Northern Trust Corp lifted its stake in shares of BJ's Wholesale Club by 28.7% during the fourth quarter. Northern Trust Corp now owns 1,150,463 shares of the company's stock valued at $102,794,000 after buying an additional 256,480 shares during the period. AQR Capital Management LLC lifted its stake in shares of BJ's Wholesale Club by 923.0% during the fourth quarter. AQR Capital Management LLC now owns 405,276 shares of the company's stock valued at $36,163,000 after buying an additional 365,658 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of BJ's Wholesale Club by 18.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 73,211 shares of the company's stock valued at $6,541,000 after buying an additional 11,370 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BJ. Wall Street Zen downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Jefferies Financial Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. Evercore ISI cut their price target on shares of BJ's Wholesale Club from $117.00 to $110.00 and set an "in-line" rating on the stock in a research note on Monday, August 25th. Morgan Stanley cut their price target on shares of BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Monday, August 25th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $127.00 price target (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $113.18.
Check Out Our Latest Stock Analysis on BJ
BJ's Wholesale Club Trading Up 1.0%
Shares of BJ stock traded up $1.01 during mid-day trading on Friday, reaching $97.80. The company's stock had a trading volume of 2,087,590 shares, compared to its average volume of 2,718,968. The company's 50 day simple moving average is $105.94 and its 200-day simple moving average is $109.68. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $12.91 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.58 and a beta of 0.43.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.38 billion for 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 business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. 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 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, EVP Paul Cichocki sold 58,436 shares of the firm's stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,061 shares of company stock valued at $15,027,745. Company insiders own 1.40% of the company's stock.
BJ's Wholesale Club Company Profile
(
Free Report)
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.
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