Bank of New York Mellon Corp Sells 94,445 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Bank of New York Mellon Corp lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,837,029 shares of the company’s stock after selling 94,445 shares during the period. Bank of New York Mellon Corp’s holdings in BJ’s Wholesale Club were worth $255,418,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new position in shares of BJ’s Wholesale Club in the fourth quarter worth $25,000. Sunbelt Securities Inc. acquired a new stake in BJ’s Wholesale Club in the third quarter valued at about $34,000. Leonteq Securities AG acquired a new stake in BJ’s Wholesale Club in the fourth quarter valued at about $43,000. Blue Trust Inc. boosted its stake in BJ’s Wholesale Club by 42.9% in the fourth quarter. Blue Trust Inc. now owns 713 shares of the company’s stock valued at $64,000 after buying an additional 214 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in BJ’s Wholesale Club in the third quarter valued at about $75,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $88.60 on Friday. The business’s 50-day moving average price is $93.22 and its 200-day moving average price is $94.11. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $83.65 and a 12 month high of $115.43. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.32 and a beta of 0.23. The company has a current ratio of 0.73, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current year.

Analyst Upgrades and Downgrades

BJ has been the topic of several research analyst reports. Bank of America initiated coverage on BJ’s Wholesale Club in a research note on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 price objective on the stock. Citigroup reduced their price objective on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. DA Davidson raised their price objective on BJ’s Wholesale Club from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wells Fargo & Company raised their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $105.27.

Insider Transactions at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 2,050 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.19, for a total transaction of $186,939.50. Following the sale, the senior vice president directly owned 14,769 shares of the company’s stock, valued at approximately $1,346,785.11. This trade represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total value of $728,160.00. Following the sale, the chief executive officer directly owned 306,330 shares in the company, valued at $27,882,156.60. The trade was a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.