Aberdeen Group plc Increases Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Aberdeen Group plc raised its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 211,047 shares of the company’s stock after buying an additional 3,149 shares during the period. Aberdeen Group plc’s holdings in BJ’s Wholesale Club were worth $22,757,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in 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 during the last quarter. Fulton Bank N.A. grew its position in shares of BJ’s Wholesale Club by 1.9% during the 2nd quarter. Fulton Bank N.A. now owns 5,174 shares of the company’s stock valued at $558,000 after acquiring an additional 98 shares during the period. Louisiana State Employees Retirement System grew its position in shares of BJ’s Wholesale Club by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the company’s stock valued at $4,000,000 after acquiring an additional 100 shares during the period. Greenleaf Trust grew its position in shares of BJ’s Wholesale Club by 4.3% during the 1st quarter. Greenleaf Trust now owns 2,450 shares of the company’s stock valued at $280,000 after acquiring an additional 101 shares during the period. Finally, CreativeOne Wealth LLC grew its position in shares of BJ’s Wholesale Club by 2.9% during the 1st quarter. CreativeOne Wealth LLC now owns 3,636 shares of the company’s stock valued at $415,000 after acquiring an additional 102 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Up 3.1%

Shares of BJ’s Wholesale Club stock opened at $92.85 on Tuesday. The company has a market capitalization of $12.23 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.40 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. The company has a fifty day moving average of $98.09 and a 200 day moving average of $107.06.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same quarter last year, the business posted $1.09 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BJ shares. Gordon Haskett downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research report on Friday, August 15th. DA Davidson cut their price objective on shares of BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating for the company in a research report on Monday, August 25th. Weiss Ratings downgraded shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Evercore ISI cut their price objective on shares of BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. Finally, Citigroup dropped their target price on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $114.31.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP Graham Luce sold 6,300 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the sale, the executive vice president directly owned 11,617 shares in the company, valued at approximately $1,160,073.62. The trade was a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.