Union Bancaire Privee UBP SA Sells 4,501 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Union Bancaire Privee UBP SA sold 4,501 shares of BJ's Wholesale Club, reducing its stake by 65.4%, leaving it with 2,384 shares valued at approximately $271,000.
• Several institutional investors have increased their holdings in BJ's Wholesale Club, with Bank of New York Mellon Corp growing its position by 199.7%, now owning almost 3 million shares.
• Analyst ratings for BJ's Wholesale Club have recently been downgraded, with JPMorgan Chase lowering its price target from $113 to $110 and maintaining a "neutral" rating.

Union Bancaire Privee UBP SA trimmed its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 65.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,384 shares of the company's stock after selling 4,501 shares during the quarter. Union Bancaire Privee UBP SA's holdings in BJ's Wholesale Club were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of 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 worth $498,219,000 after buying an additional 35,130 shares in the last quarter. Bessemer Group Inc. grew its position in shares of BJ's Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock worth $477,709,000 after purchasing an additional 1,662,415 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of BJ's Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock worth $368,393,000 after purchasing an additional 741,782 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of BJ's Wholesale Club by 199.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after purchasing an additional 1,989,980 shares in the last quarter. Finally, Select Equity Group L.P. grew its position in shares of BJ's Wholesale Club by 1,230.1% during the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock worth $198,458,000 after purchasing an additional 1,608,571 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

Analyst Ratings Changes

BJ has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research note 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 target for the company. in a research note on Friday, August 15th. DA Davidson cut their price target on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Morgan Stanley cut their price target on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a research note on Monday, August 25th. Finally, Citigroup cut their price target on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.63.

BJ's Wholesale Club Trading Down 2.6%

Shares of BJ stock opened at $90.87 on Thursday. The stock's fifty day moving average price is $100.51 and its two-hundred day moving average price is $108.22. The company has a market cap of $11.97 billion, a PE ratio of 20.84, a P/E/G ratio of 2.49 and a beta of 0.36. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $83.46 and a fifty-two week high of $121.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The company's revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Paul Cichocki sold 58,436 shares of the company'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 transaction, the executive vice president directly owned 114,127 shares in the company, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Graham Luce sold 6,300 shares of the company'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 transaction, the executive vice president owned 11,617 shares of the company's stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,561 shares of company stock worth $11,735,689. Company insiders own 1.40% of the company's stock.

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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