Charles Schwab Investment Management Inc. Purchases 18,834 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Charles Schwab Investment Management Inc. increased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 879,343 shares of the company’s stock after purchasing an additional 18,834 shares during the period. Charles Schwab Investment Management Inc. owned 0.67% of BJ’s Wholesale Club worth $94,820,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of BJ’s Wholesale Club by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock worth $615,963,000 after acquiring an additional 121,183 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in BJ’s Wholesale Club by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock valued at $498,219,000 after purchasing an additional 35,130 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in BJ’s Wholesale Club by 12.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,639,011 shares of the company’s stock worth $392,395,000 after purchasing an additional 410,326 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of BJ’s Wholesale Club by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after purchasing an additional 11,203 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of BJ’s Wholesale Club by 1.3% in the second quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock valued at $253,709,000 after purchasing an additional 29,076 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Ratings Changes

BJ has been the subject of several research analyst reports. Citigroup reduced their target price on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, August 25th. Jefferies Financial Group restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, August 22nd. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Weiss Ratings cut BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus price target of $111.67.

BJ’s Wholesale Club Stock Down 1.1%

Shares of BJ opened at $89.74 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $86.68 and a 12 month high of $121.10. The firm’s 50 day moving average is $91.94 and its 200-day moving average is $101.46. The stock has a market capitalization of $11.82 billion, a PE ratio of 20.68, a P/E/G ratio of 2.50 and a beta of 0.33.

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

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the transaction, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the completion of the transaction, the chief executive officer owned 296,735 shares of the company’s stock, valued at $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. 1.40% of the stock is owned by insiders.

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.