TD Asset Management Inc Purchases Shares of 11,320 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• TD Asset Management Inc. has acquired 11,320 shares of BJ's Wholesale Club, valued at approximately $1.22 million, as part of their 2nd quarter investment strategy.
• Other institutional investors have also increased their stakes in BJ's Wholesale Club, with significant boosts in holdings from firms like Bessemer Group Inc. (65.9%) and Select Equity Group L.P. (1,230.1%).
• Analysts currently give BJ's Wholesale Club a consensus rating of "Moderate Buy", with an average price target set at $114.65, despite some recent downgrades from other major firms.

TD Asset Management Inc purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,320 shares of the company's stock, valued at approximately $1,221,000.

Several other institutional investors have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in BJ's Wholesale Club by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company's stock valued at $498,219,000 after buying an additional 35,130 shares during the period. Bessemer Group Inc. raised its stake in shares of BJ's Wholesale Club by 65.9% during the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after acquiring an additional 1,662,415 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of BJ's Wholesale Club by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock valued at $368,393,000 after acquiring an additional 741,782 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of BJ's Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock valued at $340,759,000 after acquiring an additional 1,989,980 shares during the last quarter. Finally, Select Equity Group L.P. raised its stake in shares of BJ's Wholesale Club by 1,230.1% during the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock valued at $198,458,000 after acquiring an additional 1,608,571 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BJ has been the subject of several recent analyst reports. Evercore ISI lowered their price objective on shares of BJ's Wholesale Club from $108.00 to $105.00 and set an "in-line" rating for the company in a research note on Tuesday, October 7th. Jefferies Financial Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, August 22nd. Wall Street Zen downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. UBS Group decreased their price target on shares of BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Finally, Gordon Haskett downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research note on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.65.

Insiders Place Their Bets

In other BJ's Wholesale Club news, EVP Graham Luce sold 6,300 shares of BJ's Wholesale Club stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares of the company's stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the transaction, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $93.98 on Thursday. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $83.92 and a 52 week high of $121.10. The stock has a market capitalization of $12.38 billion, a P/E ratio of 21.56, a PEG ratio of 2.50 and a beta of 0.36. The firm has a fifty day simple moving average of $96.23 and a two-hundred day simple moving average of $106.13. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Friday, August 22nd. The company reported $1.14 EPS 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 last year, the company posted $1.09 EPS. The business'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. On average, analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal 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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