Sumitomo Mitsui Trust Group Inc. Grows Stake in BJ’s Wholesale Club Holdings, Inc. $BJ

Sumitomo Mitsui Trust Group Inc. grew its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,324 shares of the company’s stock after buying an additional 568 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in BJ’s Wholesale Club were worth $1,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BJ. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of BJ’s Wholesale Club in the second quarter valued at $26,000. REAP Financial Group LLC raised its stake in BJ’s Wholesale Club by 152.5% in the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in BJ’s Wholesale Club in the 1st quarter valued at about $33,000. Ameritas Advisory Services LLC acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth about $35,000. Finally, HM Payson & Co. purchased a new stake in shares of BJ’s Wholesale Club during the first quarter worth about $41,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 1.5%

Shares of NYSE BJ opened at $88.17 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $83.92 and a 1 year high of $121.10. The stock’s 50-day simple moving average is $94.48 and its 200-day simple moving average is $104.91. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.39 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. BJ’s Wholesale Club’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 anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the sale, the executive vice president owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BJ. Jefferies Financial Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. Evercore ISI dropped their target price on BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Citigroup reduced 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. Morgan Stanley decreased their price target on BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, August 25th. Finally, Weiss Ratings downgraded shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.65.

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.