Ameritas Advisory Services LLC Invests $35,000 in BJ’s Wholesale Club Holdings, Inc. $BJ

Ameritas Advisory Services LLC purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 325 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors have also made changes to their positions in BJ. Bank of New York Mellon Corp increased its position in shares of BJ’s Wholesale Club by 199.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company’s stock valued at $340,759,000 after acquiring an additional 1,989,980 shares during the period. Bessemer Group Inc. increased its position in shares of BJ’s Wholesale Club by 65.9% in the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company’s stock valued at $477,709,000 after acquiring an additional 1,662,415 shares during the period. Select Equity Group L.P. increased its position in shares of BJ’s Wholesale Club by 1,230.1% in 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 period. Wellington Management Group LLP increased its position in shares of BJ’s Wholesale Club by 449.6% in the 1st quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company’s stock valued at $128,477,000 after acquiring an additional 921,139 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of BJ’s Wholesale Club by 195.6% in the 1st quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company’s stock valued at $136,019,000 after acquiring an additional 792,808 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Up 1.3%

BJ stock opened at $94.04 on Wednesday. The company’s 50-day simple moving average is $97.84 and its 200-day simple moving average is $106.97. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.92 and a 52-week high of $121.10. The firm has a market cap of $12.39 billion, a P/E ratio of 21.57, a PEG ratio of 2.47 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. During the same period in the prior year, the company posted $1.09 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity

In related news, EVP Graham Luce sold 6,300 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the sale, the executive vice president directly owned 11,617 shares in the company, valued at approximately $1,160,073.62. The trade was a 35.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of BJ’s Wholesale Club stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the completion of the sale, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BJ shares. Citigroup cut their target price on BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Evercore ISI cut their target price on BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. UBS Group cut their target price on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Morgan Stanley cut their target price on BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, August 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average price target of $114.31.

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.