BJ's Wholesale Club Holdings, Inc. $BJ Shares Sold by Thematics Asset Management

Key Points

• Thematics Asset Management reduced its stake in BJ's Wholesale Club by 22.9% in Q1, holding 53,351 shares worth approximately $6.09 million after selling 15,875 shares.
• BJ's Wholesale Club reported $1.14 earnings per share for the last quarter, surpassing estimates, while revenue was $5.38 billion, slightly below the anticipated $5.49 billion.
• Institutional investors now own 98.60% of BJ's shares, demonstrating strong institutional confidence in the company amidst various upgrades and target price revisions from analysts.

Thematics Asset Management trimmed its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 22.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,351 shares of the company's stock after selling 15,875 shares during the quarter. Thematics Asset Management's holdings in BJ's Wholesale Club were worth $6,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of BJ's Wholesale Club by 92.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock valued at $2,448,000 after buying an additional 10,326 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of BJ's Wholesale Club during the 1st quarter worth about $9,805,000. iSAM Funds UK Ltd acquired a new stake in BJ's Wholesale Club in the 4th quarter valued at about $843,000. FORA Capital LLC acquired a new stake in BJ's Wholesale Club in the 4th quarter valued at approximately $936,000. Finally, Colonial River Investments LLC purchased a new position in BJ's Wholesale Club in the 1st quarter valued at approximately $308,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Up 1.2%

BJ stock traded up $1.15 on Wednesday, hitting $97.30. 2,525,157 shares of the company were exchanged, compared to its average volume of 2,657,395. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. 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 moving average is $106.41 and its two-hundred day moving average is $109.81. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.56 and a beta of 0.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. BJ's Wholesale Club's revenue for the quarter was up 3.2% compared to the same quarter last year. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Paul Cichocki sold 58,436 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president directly owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,061 shares of company stock valued at $15,027,745. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on BJ shares. Loop Capital restated a "hold" rating and issued a $120.00 price objective (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Robert W. Baird boosted their price target on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. DA Davidson dropped their price target on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a research note on Monday. JPMorgan Chase & Co. decreased 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 report on Monday. Finally, Roth Capital reissued a "neutral" rating and set a $106.00 price objective (up previously from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $113.18.

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.