Northern Trust Corp Sells 52,225 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Northern Trust Corp has reduced its ownership in BJ's Wholesale Club by 4.5%, selling 52,225 shares and now holds approximately 1,098,238 shares.
• BJ's Wholesale Club reported a quarterly earnings per share of $1.14, surpassing analysts' expectations, but its revenue of $5.38 billion fell short of the forecasted $5.49 billion.
• Analysts maintain a consensus rating of "Moderate Buy" for BJ's Wholesale Club, with a price target averaging $116.82.

Northern Trust Corp lowered its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,098,238 shares of the company's stock after selling 52,225 shares during the quarter. Northern Trust Corp owned about 0.83% of BJ's Wholesale Club worth $125,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the first quarter worth about $33,000. HM Payson & Co. acquired a new stake in BJ's Wholesale Club in the first quarter worth about $41,000. Bartlett & CO. Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the first quarter worth about $43,000. Wayfinding Financial LLC acquired a new stake in BJ's Wholesale Club in the first quarter worth about $51,000. Finally, IFP Advisors Inc boosted its holdings in BJ's Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 8.6%

Shares of NYSE:BJ opened at $97.0740 on Friday. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.94 and a beta of 0.43. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $107.17 and a 200-day moving average price of $109.99.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced 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 31.98% and a net margin of 2.76%.BJ's Wholesale Club's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 price target (up previously from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Roth Capital reissued a "neutral" rating and issued a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Wall Street Zen cut BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. DA Davidson raised their price objective 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. Finally, Citigroup reduced their price objective on BJ's Wholesale Club from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $116.82.

Insider Activity at BJ's Wholesale Club

In related news, Director Steven L. Ortega purchased 1,740 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the completion of the transaction, the director owned 8,641 shares in the company, valued at $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the transaction, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,061 shares of company stock worth $15,027,745. 1.40% of the stock is owned by corporate insiders.

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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