McElhenny Sheffield Capital Management LLC Takes Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• McElhenny Sheffield Capital Management LLC has acquired a new stake in BJ's Wholesale Club Holdings, purchasing 5,913 shares valued at approximately $638,000 during the 2nd quarter.
• Company insiders, including EVP Graham Luce and Paul Cichocki, sold a combined total of over 108,000 shares of BJ's stock recently, indicating significant insider activity.
• BJ's Wholesale Club reported earnings of $1.14 per share for the last quarter, exceeding estimates, while the company has set a FY 2025 guidance of 4.200-4.35 EPS.

McElhenny Sheffield Capital Management LLC acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,913 shares of the company's stock, valued at approximately $638,000.

Several other hedge funds have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of BJ's Wholesale Club by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company's stock valued at $498,219,000 after buying an additional 35,130 shares during the period. Bessemer Group Inc. raised its holdings in shares of BJ's Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after buying an additional 1,662,415 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of BJ's Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock valued at $368,393,000 after buying an additional 741,782 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of BJ's Wholesale Club by 199.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock valued at $340,759,000 after buying an additional 1,989,980 shares during the period. Finally, Select Equity Group L.P. raised its holdings in shares of BJ's Wholesale Club by 1,230.1% during the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock valued at $198,458,000 after buying an additional 1,608,571 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Graham Luce sold 6,300 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 in the company, valued at approximately $1,160,073.62. The trade was a 35.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were 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 $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. Insiders sold a total of 108,561 shares of company stock valued at $11,735,689 over the last quarter. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Price Performance

BJ stock opened at $89.15 on Thursday. 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 52-week low of $83.92 and a 52-week high of $121.10. The stock's 50 day moving average is $99.13 and its two-hundred day moving average is $107.54. The company has a market capitalization of $11.75 billion, a PE ratio of 20.45, a P/E/G ratio of 2.40 and a beta of 0.36.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the previous year, the business earned $1.09 EPS. BJ's Wholesale Club's revenue for the quarter was up 3.2% compared to the same quarter last year. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on BJ shares. Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Friday, August 15th. Weiss Ratings downgraded BJ's Wholesale Club from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a report on Monday, August 25th. 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 report on Monday, August 25th. Finally, UBS Group dropped their price objective on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $114.31.

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.

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