Vaughan Nelson Investment Management L.P. Lowers Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Vaughan Nelson Investment Management L.P. reduced its stake in BJ's Wholesale Club by 2.8% in the second quarter, holding approximately 392,216 shares valued at $42.29 million.
• BJ's Wholesale Club reported earnings per share (EPS) of $1.14 for the last quarter, surpassing consensus estimates, although revenue of $5.38 billion fell short of expectations.
• Recent price targets for BJ's Wholesale Club have been adjusted by various analysts, with Morgan Stanley lowering its target from $125 to $115 and DA Davidson from $140 to $123.

Vaughan Nelson Investment Management L.P. cut its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 392,216 shares of the company's stock after selling 11,113 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.30% of BJ's Wholesale Club worth $42,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new position in BJ's Wholesale Club during the second quarter valued at $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in BJ's Wholesale Club during the second quarter valued at $577,000. J2 Capital Management Inc raised its holdings in BJ's Wholesale Club by 21.0% during the second quarter. J2 Capital Management Inc now owns 5,096 shares of the company's stock valued at $550,000 after acquiring an additional 884 shares during the period. USA Financial Formulas bought a new stake in BJ's Wholesale Club during the second quarter valued at about $238,000. Finally, Congress Asset Management Co. raised its holdings in BJ's Wholesale Club by 5.7% during the second quarter. Congress Asset Management Co. now owns 268,629 shares of the company's stock valued at $28,966,000 after acquiring an additional 14,406 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ's Wholesale Club Trading Up 1.9%

Shares of BJ stock opened at $92.74 on Friday. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $83.92 and a 12-month high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The stock's 50-day moving average price is $100.03 and its 200-day moving average price is $107.95. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.36.

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 (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.49 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business's revenue 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. Equities research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP Graham Luce sold 6,300 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the sale, the executive vice president directly 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. Insiders have sold 108,561 shares of company stock worth $11,735,689 over the last three months. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on BJ. Morgan Stanley decreased their price target on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday, August 25th. DA Davidson decreased their price target on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of BJ's Wholesale Club in a report on Saturday, September 27th. Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a report on Friday, August 15th. Finally, UBS Group reduced their target price on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and an average target price of $114.63.

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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