Legal & General Group Plc Decreases Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Legal & General Group Plc decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 21.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 202,901 shares of the company’s stock after selling 54,383 shares during the period. Legal & General Group Plc’s holdings in BJ’s Wholesale Club were worth $18,267,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. raised its position in shares of BJ’s Wholesale Club by 640.2% during the 4th quarter. Hantz Financial Services Inc. now owns 22,459 shares of the company’s stock worth $2,022,000 after purchasing an additional 19,425 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of BJ’s Wholesale Club by 15.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 11,566 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,583 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $31,852,000. BOK Financial Private Wealth Inc. acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $25,000. Finally, Leonteq Securities AG acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Up 3.3%

BJ stock opened at $88.11 on Tuesday. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 3.16 and a beta of 0.27. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $93.72 and a 200-day simple moving average of $94.22. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $83.65 and a 52 week high of $115.43.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the prior year, the company earned $1.14 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Joseph Mcgrail sold 2,050 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total transaction of $186,939.50. Following the completion of the sale, the senior vice president directly owned 14,769 shares of the company’s stock, valued at approximately $1,346,785.11. This represents a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $91.02, for a total transaction of $728,160.00. Following the sale, the chief executive officer directly owned 306,330 shares of the company’s stock, valued at approximately $27,882,156.60. This trade represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BJ. William Blair restated a “mixed” rating on shares of BJ’s Wholesale Club in a research report on Thursday, March 5th. DA Davidson lifted their price objective on BJ’s Wholesale Club from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Citigroup cut their price objective on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. The Goldman Sachs Group cut their price objective on BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, Bank of America began coverage on BJ’s Wholesale Club in a research report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $105.27.

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.