KLP Kapitalforvaltning AS Has $3.42 Million Stock Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• KLP Kapitalforvaltning AS increased its stake in BJ's Wholesale Club by 12.4%, holding a total of 31,700 shares valued at approximately $3.42 million.
• Several institutional investors have significantly raised their positions in BJ's Wholesale Club, with notable increases including Bank of New York Mellon Corp (by 199.7%) and Select Equity Group L.P. (by 1,230.1%).
• BJ's Wholesale Club reported earnings per share of $1.14, exceeding expectations, while also recording a net margin of 2.77% and a year-over-year revenue increase of 3.2%.

KLP Kapitalforvaltning AS raised its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 12.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,700 shares of the company's stock after purchasing an additional 3,500 shares during the period. KLP Kapitalforvaltning AS's holdings in BJ's Wholesale Club were worth $3,418,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BJ. Bank of New York Mellon Corp raised its position in BJ's Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock valued at $340,759,000 after purchasing an additional 1,989,980 shares in the last quarter. Bessemer Group Inc. raised its position in BJ's Wholesale Club by 65.9% during the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after purchasing an additional 1,662,415 shares in the last quarter. Select Equity Group L.P. raised its position in BJ's Wholesale Club by 1,230.1% during the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock valued at $198,458,000 after purchasing an additional 1,608,571 shares in the last quarter. Wellington Management Group LLP raised its position in BJ's Wholesale Club by 449.6% during the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company's stock valued at $128,477,000 after purchasing an additional 921,139 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in BJ's Wholesale Club by 195.6% during the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company's stock valued at $136,019,000 after purchasing an additional 792,808 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Performance

Shares of BJ's Wholesale Club stock opened at $90.10 on Friday. 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 twelve month low of $83.92 and a twelve month high of $121.10. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.40 and a beta of 0.36. The company's fifty day moving average is $98.38 and its 200 day moving average is $107.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $5.49 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. BJ's Wholesale Club's revenue for the quarter was up 3.2% on a year-over-year basis. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on BJ. 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 downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a report on Friday, August 15th. Weiss Ratings downgraded shares of BJ's Wholesale Club from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Morgan Stanley lowered their price target on shares of 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. Finally, DA Davidson lowered their price target on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $114.31.

Insiders Place Their Bets

In other BJ's Wholesale Club news, EVP Graham Luce sold 6,300 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the sale, the executive vice president owned 11,617 shares of the company's stock, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the company'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 sale, the executive vice president directly owned 114,127 shares in the company, valued at $12,563,100.16. This trade represents a 33.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

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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