Dorsey Wright & Associates Makes New Investment in BJ’s Wholesale Club Holdings, Inc. $BJ

Dorsey Wright & Associates purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,505 shares of the company’s stock, valued at approximately $1,456,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new stake in BJ’s Wholesale Club in the first quarter valued at approximately $237,000. Kestra Private Wealth Services LLC raised its position in shares of BJ’s Wholesale Club by 206.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 8,453 shares of the company’s stock valued at $964,000 after buying an additional 5,691 shares in the last quarter. IFP Advisors Inc raised its position in shares of BJ’s Wholesale Club by 22.0% during the 1st quarter. IFP Advisors Inc now owns 510 shares of the company’s stock valued at $58,000 after buying an additional 92 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth $1,818,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in BJ’s Wholesale Club in the first quarter worth $12,671,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 17,898 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $629,118.00. Following the completion of the sale, 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 is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of research reports. BTIG Research assumed coverage on BJ’s Wholesale Club in a research report on Tuesday, October 14th. They set a “buy” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings downgraded BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. Finally, Citigroup decreased 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 research note on Monday, August 25th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

BJ’s Wholesale Club Trading Down 1.7%

Shares of BJ stock opened at $91.07 on Wednesday. The stock has a market capitalization of $12.00 billion, a PE ratio of 20.89, a P/E/G ratio of 2.47 and a beta of 0.33. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $83.92 and a 1-year high of $121.10. The business has a 50-day moving average of $93.21 and a 200 day moving average of $102.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The business had revenue of $5.38 billion for the quarter, compared to analysts’ expectations 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 period 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 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.