RPg Family Wealth Advisory LLC Purchases New Shares in BJ’s Wholesale Club Holdings, Inc. $BJ

RPg Family Wealth Advisory LLC bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 36,349 shares of the company’s stock, valued at approximately $3,920,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in BJ’s Wholesale Club during the second quarter valued at $178,952,000. Select Equity Group L.P. increased its holdings in shares of 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 acquiring an additional 1,608,571 shares during the last quarter. Wellington Management Group LLP grew its holdings in BJ’s Wholesale Club by 449.6% during the first quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company’s stock valued at $128,477,000 after purchasing an additional 921,139 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in BJ’s Wholesale Club by 4,711.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 925,002 shares of the company’s stock worth $99,743,000 after acquiring an additional 905,778 shares during the period. Finally, 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. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BJ has been the topic of several recent research reports. Robert W. Baird decreased their price objective on BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Jefferies Financial Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. Citigroup lowered their price target 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. Finally, Wall Street Zen cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

BJ’s Wholesale Club Trading Up 3.2%

BJ opened at $91.45 on Wednesday. The firm has a market cap of $11.97 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.44 and a beta of 0.31. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $86.68 and a twelve month high of $121.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79. The firm’s fifty day moving average is $91.69 and its two-hundred day moving average is $101.03.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the firm posted $1.18 earnings per share. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. Equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity

In related 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 transaction, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the stock in a transaction dated 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 owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by corporate insiders.

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.