First Trust Advisors LP lessened its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,868 shares of the company's stock after selling 16,841 shares during the quarter. First Trust Advisors LP owned approximately 0.09% of BJ's Wholesale Club worth $11,068,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC increased its position in shares of BJ's Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after acquiring an additional 245,731 shares during the period. Intech Investment Management LLC raised its position in BJ's Wholesale Club by 278.6% in the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock valued at $4,822,000 after purchasing an additional 39,713 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of BJ's Wholesale Club by 151.8% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock valued at $1,768,000 after buying an additional 11,928 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of BJ's Wholesale Club during the fourth quarter worth about $307,000. Finally, Wealthfront Advisers LLC increased its position in shares of BJ's Wholesale Club by 1,462.2% in the 4th quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company's stock valued at $4,843,000 after purchasing an additional 50,738 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.
Insider Transactions at BJ's Wholesale Club
In other BJ's Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares of the company's stock, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. This trade represents a 12.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,505 shares of company stock worth $37,452,686. Company insiders own 2.00% of the company's stock.
BJ's Wholesale Club Stock Performance
Shares of BJ stock opened at $111.91 on Monday. The stock's 50-day moving average price is $110.92 and its 200 day moving average price is $99.79. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $14.74 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $73.93 and a 52-week high of $121.10.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. As a group, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently commented on BJ. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Loop Capital boosted their target price on BJ's Wholesale Club from $95.00 to $110.00 and gave the stock a "hold" rating in a research note on Friday, March 7th. Morgan Stanley increased their price target on shares of BJ's Wholesale Club from $98.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday, March 7th. Finally, Robert W. Baird boosted their price objective on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and a consensus target price of $110.82.
Check Out Our Latest Stock Report on BJ's Wholesale Club
About BJ's Wholesale Club
(
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.
Further Reading
Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BJ's Wholesale Club, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BJ's Wholesale Club wasn't on the list.
While BJ's Wholesale Club currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
