Bingham Private Wealth LLC Cuts Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Bingham Private Wealth LLC cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.2% in the second quarter, Holdings Channel reports. The institutional investor owned 2,197 shares of the company’s stock after selling 489 shares during the quarter. Bingham Private Wealth LLC’s holdings in BJ’s Wholesale Club were worth $237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of BJ’s Wholesale Club by 199.7% in the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company’s stock worth $340,759,000 after acquiring an additional 1,989,980 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of BJ’s Wholesale Club by 65.9% in the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company’s stock worth $477,709,000 after acquiring an additional 1,662,415 shares during the last quarter. Select Equity Group L.P. boosted its stake in shares of BJ’s Wholesale Club by 1,230.1% in the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock worth $198,458,000 after acquiring an additional 1,608,571 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of BJ’s Wholesale Club by 449.6% in the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company’s stock worth $128,477,000 after acquiring an additional 921,139 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of BJ’s Wholesale Club by 195.6% in the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company’s stock worth $136,019,000 after acquiring an additional 792,808 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP Paul Cichocki sold 58,436 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 114,127 shares of the company’s stock, valued at $12,563,100.16. This represents a 33.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were 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 directly owned 11,617 shares in the company, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,561 shares of company stock worth $11,735,689. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of a number of research analyst reports. UBS Group lowered their price target on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, August 25th. Jefferies Financial Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. Wall Street Zen lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. lowered their price target on BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of BJ’s Wholesale Club in a research note on Saturday, September 27th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.63.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $90.08 on Tuesday. The stock’s fifty day moving average is $99.75 and its two-hundred day moving average is $107.79. The firm has a market capitalization of $11.87 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 2.47 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The company 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 firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous 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 earnings per share for the current year.

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.