Westpac Banking Corp Takes $119,000 Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Westpac Banking Corp acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,101 shares of the company’s stock, valued at approximately $119,000.

Several other hedge funds have also recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of BJ’s Wholesale Club in the second quarter valued at approximately $26,000. REAP Financial Group LLC raised its holdings in shares of BJ’s Wholesale Club by 152.5% during the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after acquiring an additional 151 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of BJ’s Wholesale Club during the second quarter worth $35,000. Quarry LP bought a new stake in BJ’s Wholesale Club in the 1st quarter valued at $48,000. Finally, Bayforest Capital Ltd boosted its stake in BJ’s Wholesale Club by 362.7% in the 2nd quarter. Bayforest Capital Ltd now owns 472 shares of the company’s stock worth $51,000 after purchasing an additional 370 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BJ has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, August 22nd. UBS Group decreased their price objective on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a report on Monday, August 25th. Wall Street Zen cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. DA Davidson reduced 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 report on Monday, August 25th. Finally, BTIG Research started coverage on shares of BJ’s Wholesale Club in a report on Tuesday, October 14th. They issued a “buy” rating and a $120.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

BJ’s Wholesale Club Stock Performance

BJ opened at $92.53 on Tuesday. The business’s 50-day simple moving average is $93.34 and its 200 day simple moving average is $102.91. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.92 and a 52-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. The firm has a market capitalization of $12.19 billion, a PE ratio of 21.22, a PEG ratio of 2.51 and a beta of 0.33.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the transaction, the chief executive officer directly owned 296,735 shares in the company, valued at $26,620,096.85. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Company 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.