Fisher Asset Management LLC Acquires New Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

by · The Cerbat Gem

Fisher Asset Management LLC bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,445 shares of the company’s stock, valued at approximately $695,000.

A number of other hedge funds also recently made changes to their positions in BJ. Norges Bank bought a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $178,952,000. Select Equity Group L.P. increased its holdings in shares of 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 valued at $198,458,000 after purchasing an additional 1,608,571 shares during the period. Wellington Management Group LLP increased its stake in BJ’s Wholesale Club by 449.6% during the 1st quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company’s stock valued at $128,477,000 after buying an additional 921,139 shares during the period. AQR Capital Management LLC raised its holdings in BJ’s Wholesale Club by 195.6% during the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company’s stock worth $136,019,000 after purchasing an additional 792,808 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of BJ’s Wholesale Club in the 1st quarter worth $63,486,000. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $123.00 target price on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Morgan Stanley decreased their price target on BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report on Monday, November 24th. Wall Street Zen downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Citigroup reduced their price objective on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.67.

View Our Latest Stock Analysis on BJ’s Wholesale Club

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club 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 trade represents a 5.69% decrease in their position. The sale was disclosed in a filing 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 stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares in the company, valued at $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Stock Up 0.4%

Shares of BJ’s Wholesale Club stock opened at $91.36 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $86.68 and a 1 year high of $121.10. The company has a market cap of $11.95 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.51 and a beta of 0.31. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $91.57 and a 200 day moving average price of $100.58.

BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last issued its earnings results on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. As a group, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

BJ’s Wholesale Club Company Profile

(Free Report)

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.

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