Cetera Investment Advisers Has $4.32 Million Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Cetera Investment Advisers decreased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,062 shares of the company’s stock after selling 3,380 shares during the quarter. Cetera Investment Advisers’ holdings in BJ’s Wholesale Club were worth $4,320,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its holdings in BJ’s Wholesale Club by 5.6% in the 2nd quarter. Creative Planning now owns 16,238 shares of the company’s stock valued at $1,751,000 after acquiring an additional 868 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of BJ’s Wholesale Club by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,928 shares of the company’s stock worth $3,658,000 after purchasing an additional 2,352 shares during the period. Massachusetts Financial Services Co. MA raised its stake in BJ’s Wholesale Club by 12.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,639,011 shares of the company’s stock valued at $392,395,000 after purchasing an additional 410,326 shares in the last quarter. Olympiad Research LP bought a new stake in BJ’s Wholesale Club during the second quarter worth about $268,000. Finally, Impax Asset Management Group plc grew its stake in BJ’s Wholesale Club by 7.6% during the second quarter. Impax Asset Management Group plc now owns 129,094 shares of the company’s stock worth $13,920,000 after buying an additional 9,139 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Up 1.5%

Shares of NYSE BJ opened at $89.28 on Wednesday. The firm has a 50 day moving average price of $92.37 and a two-hundred day moving average price of $101.76. The stock has a market cap of $11.76 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 2.43 and a beta of 0.33. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $86.68 and a 52-week 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.

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

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of research analyst reports. Weiss Ratings downgraded BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. Robert W. Baird decreased their price target on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday. Evercore ISI increased their price objective on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a research note on Monday. Finally, Morgan Stanley cut their target price on shares of BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $111.67.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total value of $1,605,629.58. Following the completion of the sale, the chief executive officer owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club 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.