Deutsche Bank AG Has $2.97 Million Stock Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Deutsche Bank AG cut its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 95.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,007 shares of the company’s stock after selling 569,564 shares during the quarter. Deutsche Bank AG’s holdings in BJ’s Wholesale Club were worth $2,967,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in BJ’s Wholesale Club by 92.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company’s stock valued at $2,448,000 after purchasing an additional 10,326 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in BJ’s Wholesale Club during the first quarter valued at approximately $9,805,000. iSAM Funds UK Ltd acquired a new stake in BJ’s Wholesale Club during the fourth quarter valued at approximately $843,000. FORA Capital LLC acquired a new stake in BJ’s Wholesale Club during the fourth quarter valued at approximately $936,000. Finally, Colonial River Investments LLC acquired a new stake in BJ’s Wholesale Club during the first quarter valued at approximately $308,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

BJ stock opened at $104.4990 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The company has a 50 day moving average price of $107.54 and a 200 day moving average price of $110.00. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The stock has a market capitalization of $13.80 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.43.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.100-4.30 EPS. Analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the sale, the chief executive officer owned 368,333 shares of the company’s stock, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven L. Ortega bought 1,740 shares of the stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $114.60 per share, with a total value of $199,404.00. Following the acquisition, the director directly owned 8,641 shares in the company, valued at approximately $990,258.60. This trade represents a 25.21% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 138,061 shares of company stock valued at $15,027,745. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Gordon Haskett downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Friday, August 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 target price (up previously from $125.00) on shares of BJ’s Wholesale Club in a research note on Friday, May 23rd. DA Davidson lifted their target price on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $135.00 target price on shares of BJ’s Wholesale Club in a research note on Wednesday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.33.

About BJ’s Wholesale Club

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.