QRG Capital Management Inc. Has $850,000 Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• QRG Capital Management Inc. increased its holdings in BJ's Wholesale Club Holdings, Inc. by 68.1% in the second quarter, now owning 7,881 shares valued at $850,000.
• Institutional investors significantly dominate BJ's stock ownership, holding 98.60% of the company's shares, with several firms acquiring new stakes valued between $26,000 and $43,000.
• Recent analyst reports show mixed ratings for BJ's stocks, with Wall Street Zen downgrading to "hold" while Jefferies Financial Group maintains a "buy" rating, indicating divergent outlooks among analysts.

QRG Capital Management Inc. increased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 68.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,881 shares of the company's stock after acquiring an additional 3,193 shares during the quarter. QRG Capital Management Inc.'s holdings in BJ's Wholesale Club were worth $850,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of BJ's Wholesale Club during the second quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC purchased a new position in BJ's Wholesale Club during the first quarter valued at approximately $33,000. Ameritas Advisory Services LLC purchased a new position in BJ's Wholesale Club during the second quarter valued at approximately $35,000. HM Payson & Co. purchased a new position in BJ's Wholesale Club during the first quarter valued at approximately $41,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in BJ's Wholesale Club during the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 98.60% of the company's stock.

Analysts Set New Price Targets

BJ has been the topic of a number of research analyst reports. 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. Weiss Ratings downgraded shares of BJ's Wholesale Club from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, August 22nd. UBS Group lowered their price objective on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, August 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a research report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $114.31.

Insiders Place Their Bets

In other news, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction 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 directly owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the sale, the executive vice president owned 11,617 shares of the company's stock, valued at $1,160,073.62. The trade was a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,561 shares of company stock valued at $11,735,689 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock opened at $89.15 on Thursday. The firm has a fifty day simple moving average of $99.13 and a 200-day simple moving average of $107.54. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $83.92 and a 1-year high of $121.10. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.40 and a beta of 0.36.

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 analysts' consensus estimates 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 business had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.49 billion. During the same period in the previous year, the company earned $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. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

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.

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