Janney Montgomery Scott LLC Sells 7,589 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Janney Montgomery Scott LLC reduced its stake in BJ's Wholesale Club by 9.9%, selling 7,589 shares, and now owns approximately 0.05% of the company, valued at $7,476,000.
• Insider trading activity included significant sales, with EVP Paul Cichocki selling 58,436 shares valued at over $6.4 million, resulting in a 33.86% decrease in ownership.
• Wall Street analysts have adjusted their target prices for BJ's Wholesale Club, with UBS lowering its target from $135 to $125 while maintaining a "buy" rating, amid ongoing mixed sentiment from other firms.

Janney Montgomery Scott LLC cut its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 9.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,335 shares of the company's stock after selling 7,589 shares during the quarter. Janney Montgomery Scott LLC owned about 0.05% of BJ's Wholesale Club worth $7,476,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in BJ's Wholesale Club by 92.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock valued at $2,448,000 after purchasing an additional 10,326 shares during the period. Colonial River Investments LLC bought a new stake in BJ's Wholesale Club in the 1st quarter valued at $308,000. Diversify Wealth Management LLC lifted its position in shares of BJ's Wholesale Club by 30.9% during the 1st quarter. Diversify Wealth Management LLC now owns 12,776 shares of the company's stock valued at $1,488,000 after acquiring an additional 3,015 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of BJ's Wholesale Club by 8.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,245 shares of the company's stock valued at $370,000 after acquiring an additional 250 shares during the period. Finally, Walter Public Investments Inc. lifted its position in shares of BJ's Wholesale Club by 5.4% during the 1st quarter. Walter Public Investments Inc. now owns 258,751 shares of the company's stock valued at $29,523,000 after acquiring an additional 13,279 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Graham Luce sold 6,300 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the sale, the executive vice president directly owned 11,617 shares of the company's stock, valued at approximately $1,160,073.62. The trade was a 35.16% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 108,561 shares of company stock valued at $11,735,689. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of recent analyst reports. UBS Group cut their target price on 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. JPMorgan Chase & Co. cut their target price on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research report on Monday, August 25th. Gordon Haskett downgraded 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 report on Friday, August 15th. Citigroup lowered their price target on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, August 25th. Finally, Morgan Stanley lowered their price target on 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 equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average price target of $114.63.

BJ's Wholesale Club Trading Up 1.9%

Shares of BJ stock opened at $92.74 on Monday. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.47 and a beta of 0.36. The stock has a 50-day moving average of $100.03 and a 200-day moving average of $107.93. 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 Holdings, Inc. has a 1-year low of $83.92 and a 1-year high of $121.10.

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 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 analysts' expectations of $5.49 billion. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

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.

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