Crestwood Advisors Group LLC Cuts Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Crestwood Advisors Group LLC cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,048 shares of the company’s stock after selling 883 shares during the quarter. Crestwood Advisors Group LLC’s holdings in BJ’s Wholesale Club were worth $1,623,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Select Equity Group L.P. raised its stake in BJ’s Wholesale Club by 1,230.1% during the 1st 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 grew its holdings 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 in the last quarter. AQR Capital Management LLC raised its position in shares of 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 valued at $136,019,000 after buying an additional 792,808 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of BJ’s Wholesale Club by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock valued at $368,393,000 after buying an additional 741,782 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. purchased a new position in shares of BJ’s Wholesale Club in the first quarter worth $79,292,000. Institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

BJ has been the subject of several research analyst reports. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Friday, August 15th. UBS Group cut their price objective on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, August 25th. 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. Evercore ISI dropped their price target on BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. cut their price target on BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, August 25th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.65.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 17,898 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total value of $1,605,629.58. Following the completion of the sale, the chief executive officer directly owned 296,735 shares in the company, valued at $26,620,096.85. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of BJ’s Wholesale Club 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 transaction, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. The trade was a 35.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Down 2.3%

Shares of NYSE:BJ opened at $88.87 on Friday. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.42 and a beta of 0.33. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $83.92 and a 12 month high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $93.98 and a 200 day moving average price of $104.14.

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, topping the consensus estimate of $1.10 by $0.04. The company 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 firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

BJ’s Wholesale Club Company 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.