Deutsche Bank AG Lowers Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Deutsche Bank AG significantly reduced its stake in BJ's Wholesale Club, owning only 26,007 shares after selling over half a million during the first quarter, which valued their holdings at $2.97 million.
• In contrast, Wealth Enhancement Advisory Services LLC increased its ownership by 92.8%, now holding 21,456 shares valued at approximately $2.45 million.
• Executives are actively trading shares, with CEO Robert W. Eddy selling 17,900 shares worth nearly $1.92 million, while Director Steven L. Ortega increased his stake by purchasing shares at an average price of $114.60.

Deutsche Bank AG lowered its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 95.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,007 shares of the company's stock after selling 569,564 shares during the quarter. Deutsche Bank AG's holdings in BJ's Wholesale Club were worth $2,967,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BJ. Charles Schwab Investment Management Inc. lifted its position in BJ's Wholesale Club by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 860,509 shares of the company's stock valued at $98,184,000 after purchasing an additional 13,661 shares during the period. Legacy Capital Group California Inc. acquired a new stake in shares of BJ's Wholesale Club in the 1st quarter valued at approximately $607,000. Atria Wealth Solutions Inc. raised its position in shares of BJ's Wholesale Club by 81.4% in the 1st quarter. Atria Wealth Solutions Inc. now owns 4,395 shares of the company's stock valued at $501,000 after acquiring an additional 1,972 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of BJ's Wholesale Club in the 1st quarter valued at approximately $1,443,000. Finally, PNC Financial Services Group Inc. raised its position in shares of BJ's Wholesale Club by 37.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,002 shares of the company's stock valued at $1,369,000 after acquiring an additional 3,299 shares during the period. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 8.6%

BJ stock traded down $9.0860 during trading on Friday, hitting $97.0740. The company had a trading volume of 9,135,626 shares, compared to its average volume of 2,061,989. The business has a 50-day moving average of $107.17 and a 200-day moving average of $109.99. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10. The stock has a market cap of $12.82 billion, a PE ratio of 22.58, a PEG ratio of 2.94 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.49 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, Director Steven L. Ortega purchased 1,740 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the acquisition, the director owned 8,641 shares of the company's stock, valued at approximately $990,258.60. This represents a 25.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the transaction, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. The trade was 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 have sold 138,061 shares of company stock worth $15,027,745. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on BJ shares. 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. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Friday, August 15th. DA Davidson increased their target price on BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Evercore ISI increased their target price on BJ's Wholesale Club from $115.00 to $117.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. increased their target price on BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average target price of $116.82.

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.