Walter Public Investments Inc. Sells 75,039 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Walter Public Investments Inc. decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 29.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 180,431 shares of the company’s stock after selling 75,039 shares during the period. BJ’s Wholesale Club makes up approximately 4.2% of Walter Public Investments Inc.’s portfolio, making the stock its 4th biggest position. Walter Public Investments Inc.’s holdings in BJ’s Wholesale Club were worth $17,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Mirabella Financial Services LLP raised its stake in BJ’s Wholesale Club by 158.2% during the third quarter. Mirabella Financial Services LLP now owns 21,167 shares of the company’s stock worth $1,970,000 after purchasing an additional 12,970 shares during the period. Fieldview Capital Management LLC acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at $3,671,000. Congress Asset Management Co. grew its stake in shares of BJ’s Wholesale Club by 13.8% during the 4th quarter. Congress Asset Management Co. now owns 344,146 shares of the company’s stock valued at $30,983,000 after buying an additional 41,817 shares during the period. Rathbones Group PLC grew its stake in shares of BJ’s Wholesale Club by 872.0% during the 3rd quarter. Rathbones Group PLC now owns 343,107 shares of the company’s stock valued at $31,995,000 after buying an additional 307,807 shares during the period. Finally, Reinhart Partners LLC. increased its holdings in shares of BJ’s Wholesale Club by 30.7% during the 4th quarter. Reinhart Partners LLC. now owns 54,452 shares of the company’s stock worth $4,902,000 after buying an additional 12,784 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Scott Schmadeke sold 16,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the transaction, the executive vice president directly owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. The trade was a 44.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 2,050 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.19, for a total value of $186,939.50. Following the completion of the transaction, the senior vice president owned 14,769 shares of the company’s stock, valued at approximately $1,346,785.11. This represents a 12.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,550 shares of company stock worth $2,435,904 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BJ. Bank of America began coverage on BJ’s Wholesale Club in a research report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 target price on the stock. Citigroup dropped their price target on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. UBS Group restated a “buy” rating and issued a $109.00 price objective on shares of BJ’s Wholesale Club in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lifted 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 research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $105.27.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $89.20 on Friday. The firm has a fifty day moving average of $90.28 and a 200-day moving average of $93.73. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.21 and a 52-week high of $110.92. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $11.39 billion, a P/E ratio of 20.51, a PEG ratio of 3.32 and a beta of 0.22.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The business’s quarterly revenue 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. As a group, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current year.

BJ’s Wholesale Club Profile

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.