Mirae Asset Global Investments Co. Ltd. Buys New Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Mirae Asset Global Investments acquired a new stake in BJ's Wholesale Club, purchasing 5,347 shares valued at approximately $577,000.
• Several institutional investors, including Bank of New York Mellon Corp and Bessemer Group Inc., significantly increased their holdings in BJ's Wholesale Club during the first quarter.
• BJ's Wholesale Club reported earnings of $1.14 per share for the last quarter, exceeding analysts' expectations, but its revenue was slightly below consensus estimates at $5.38 billion.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,347 shares of the company's stock, valued at approximately $577,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BJ. Bank of New York Mellon Corp grew its stake in BJ's Wholesale Club by 199.7% in the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after purchasing an additional 1,989,980 shares during the period. Bessemer Group Inc. grew its stake in BJ's Wholesale Club by 65.9% in the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock worth $477,709,000 after purchasing an additional 1,662,415 shares during the period. Select Equity Group L.P. grew its stake in BJ's Wholesale Club by 1,230.1% in the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock worth $198,458,000 after purchasing an additional 1,608,571 shares during the period. Wellington Management Group LLP grew its stake in BJ's Wholesale Club by 449.6% in the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company's stock worth $128,477,000 after purchasing an additional 921,139 shares during the period. Finally, AQR Capital Management LLC grew its stake in BJ's Wholesale Club by 195.6% in the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company's stock worth $136,019,000 after purchasing an additional 792,808 shares during the period. Institutional investors own 98.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BJ. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research note on Friday, August 15th. Jefferies Financial Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. DA Davidson cut their target price on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. Evercore ISI cut their target price on BJ's Wholesale Club from $108.00 to $105.00 and set an "in-line" rating on the stock in a research note on Tuesday. Finally, UBS Group cut their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $114.31.

Insider Activity

In other news, EVP Graham Luce sold 6,300 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the transaction, the executive vice president owned 11,617 shares of the company's stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the firm's 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 transaction, 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. 1.40% of the stock is owned by company insiders.

BJ's Wholesale Club Stock Up 1.7%

BJ stock opened at $90.10 on Friday. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10. The business's 50-day moving average is $98.38 and its two-hundred day moving average is $107.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.36 and a beta of 0.36.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the company earned $1.09 earnings per share. BJ's Wholesale Club's revenue 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. As a group, 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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