Heartland Advisors Inc. Makes New $750,000 Investment in BJ’s Wholesale Club Holdings, Inc. $BJ

Heartland Advisors Inc. purchased a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the third quarter, HoldingsChannel reports. The institutional investor purchased 8,046 shares of the company’s stock, valued at approximately $750,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Roxbury Financial LLC acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at $28,000. Davis Capital Management acquired a new position in shares of BJ’s Wholesale Club in the third quarter valued at about $28,000. Eastern Bank purchased a new position in shares of BJ’s Wholesale Club in the third quarter worth about $29,000. Root Financial Partners LLC purchased a new stake in BJ’s Wholesale Club in the third quarter valued at approximately $29,000. Finally, Huntington National Bank increased its holdings in BJ’s Wholesale Club by 65.7% in the 2nd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $57,000 after buying an additional 211 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Down 3.4%

BJ opened at $99.30 on Wednesday. The stock has a market capitalization of $12.99 billion, a PE ratio of 22.88, a P/E/G ratio of 2.66 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a one year low of $86.68 and a one year 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 business’s 50 day moving average price is $94.43 and its 200 day moving average price is $95.01.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on BJ shares. The Goldman Sachs Group dropped their price objective on shares of BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Monday, December 29th. DA Davidson restated a “buy” rating and set a $123.00 price objective on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Robert W. Baird cut their price objective on BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Finally, BTIG Research restated a “buy” rating and set a $120.00 target price on shares of BJ’s Wholesale Club in a report on Friday, November 21st. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $107.63.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the completion of the transaction, the executive vice president owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.