BJ's Wholesale Club Holdings, Inc. $BJ Holdings Decreased by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in BJ's Wholesale Club Holdings, Inc. by 6.7%, now holding 44,575 shares valued at approximately $5,086,000.
• Analysts' ratings for BJ's have varied, with ten giving a "hold" rating and eleven a "buy" rating, resulting in a consensus average rating of "Moderate Buy" with a target price of $115.33.
• In recent insider trading, EVP Paul Cichocki sold 58,436 shares at an average price of $110.08, marking a significant decrease in his ownership of the stock.

State of New Jersey Common Pension Fund D cut its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,575 shares of the company's stock after selling 3,208 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in BJ's Wholesale Club were worth $5,086,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of BJ's Wholesale Club by 92.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock worth $2,448,000 after acquiring an additional 10,326 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of BJ's Wholesale Club in the 1st quarter worth approximately $9,805,000. iSAM Funds UK Ltd acquired a new position in shares of BJ's Wholesale Club in the 4th quarter worth approximately $843,000. FORA Capital LLC acquired a new position in shares of BJ's Wholesale Club in the 4th quarter worth approximately $936,000. Finally, Colonial River Investments LLC acquired a new position in shares of BJ's Wholesale Club in the 1st quarter worth approximately $308,000. Institutional investors and hedge funds own 98.60% of the company's stock.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction on 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 directly owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven L. Ortega bought 1,740 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the completion of the acquisition, the director directly owned 8,641 shares in the company, valued at approximately $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 138,061 shares of company stock worth $15,027,745 in the last three months. 1.40% of the stock is currently owned by insiders.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded down $9.0860 during mid-day trading on Friday, hitting $97.0740. 9,135,626 shares of the stock traded hands, compared to its average volume of 2,061,989. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 2.94 and a beta of 0.43. The company's 50-day simple moving average is $107.17 and its 200-day simple moving average is $109.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued 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. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The company had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.49 billion. During the same period last year, the firm earned $1.09 EPS. The firm'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. As a group, equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

BJ has been the subject of several research reports. UBS Group reiterated a "buy" rating and issued a $135.00 target price on shares of BJ's Wholesale Club in a research report on Wednesday, August 13th. JPMorgan Chase & Co. raised their price target on BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. 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 downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Citigroup cut their price target on BJ's Wholesale Club from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $116.82.

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.