Rockefeller Capital Management L.P. Cuts Stake in BJ’s Wholesale Club Holdings, Inc. $BJ

Rockefeller Capital Management L.P. cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 87.6% in the second quarter, Holdings Channel reports. The fund owned 98,773 shares of the company’s stock after selling 695,485 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in BJ’s Wholesale Club were worth $10,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of BJ’s Wholesale Club by 0.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock valued at $498,219,000 after purchasing an additional 35,130 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in BJ’s Wholesale Club by 12.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,639,011 shares of the company’s stock valued at $392,395,000 after buying an additional 410,326 shares during the period. Bank of New York Mellon Corp raised its stake in BJ’s Wholesale Club by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock worth $323,242,000 after buying an additional 11,203 shares in the last quarter. Geode Capital Management LLC raised its stake in BJ’s Wholesale Club by 1.3% in the second quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock worth $253,709,000 after buying an additional 29,076 shares in the last quarter. Finally, Select Equity Group L.P. lifted its holdings in 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 worth $198,458,000 after buying an additional 1,608,571 shares during the period. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Trading Up 0.3%

BJ’s Wholesale Club stock opened at $91.40 on Thursday. 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 stock has a market cap of $12.04 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.43 and a beta of 0.33. The stock has a 50-day moving average of $93.09 and a two-hundred day moving average of $102.65. BJ’s Wholesale Club Holdings, Inc. has a one year low of $83.92 and a one year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 2.77% and a return on equity of 30.40%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BTIG Research started coverage on BJ’s Wholesale Club in a report on Tuesday, October 14th. They issued a “buy” rating and a $120.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. JPMorgan Chase & Co. reduced their target price on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Citigroup lowered their price target on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a report 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 objective on the stock. in a research report on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.00.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total value of $1,605,629.58. Following the transaction, the chief executive officer directly owned 296,735 shares of the company’s stock, valued at $26,620,096.85. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was 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 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

About BJ’s Wholesale Club

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.