PDT Partners LLC Sells 36,499 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• PDT Partners LLC has reduced its stake in BJ's Wholesale Club by 78%, now holding only 10,301 shares valued at approximately $1,175,000.
• Analysts have lowered their price targets for BJ's Wholesale Club, with Morgan Stanley and Citigroup both reducing theirs from $125.00 to $115.00, while Wells Fargo increased theirs to $127.00.
• BJ's Wholesale Club reported a quarterly earnings per share of $1.14, beating expectations, but its revenue of $5.38 billion fell short of the anticipated $5.49 billion.

PDT Partners LLC lowered its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 78.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,301 shares of the company's stock after selling 36,499 shares during the period. PDT Partners LLC's holdings in BJ's Wholesale Club were worth $1,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BJ. Atlantic Edge Private Wealth Management LLC acquired a new position in BJ's Wholesale Club in the first quarter worth approximately $33,000. HM Payson & Co. acquired a new position in BJ's Wholesale Club in the first quarter worth approximately $41,000. Bartlett & CO. Wealth Management LLC acquired a new position in BJ's Wholesale Club in the first quarter worth approximately $43,000. Quarry LP acquired a new position in BJ's Wholesale Club in the first quarter worth approximately $48,000. Finally, Wayfinding Financial LLC acquired a new position in BJ's Wholesale Club in the first quarter worth approximately $51,000. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of NYSE:BJ traded down $2.18 during midday trading on Tuesday, reaching $96.81. The company's stock had a trading volume of 487,031 shares, compared to its average volume of 1,940,857. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $77.08 and a fifty-two week high of $121.10. The company has a market capitalization of $12.75 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.59 and a beta of 0.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. The business's fifty day simple moving average is $104.07 and its 200-day simple moving average is $109.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. The business had revenue of $5.38 billion for 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 firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity

In related news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was 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 in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,161 shares of company stock worth $13,023,303. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Roth Capital reaffirmed a "neutral" rating and set a $106.00 target price (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. DA Davidson decreased their target price on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Friday, August 15th. Morgan Stanley reduced their target price on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a research report on Monday, August 25th. Finally, UBS Group reduced 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. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $113.18.

BJ's Wholesale Club Company 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.