Baird Financial Group Inc. Trims Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Baird Financial Group Inc. lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 9.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 415,514 shares of the company’s stock after selling 43,581 shares during the period. Baird Financial Group Inc. owned approximately 0.31% of BJ’s Wholesale Club worth $44,805,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BJ. Oliver Lagore Vanvalin Investment Group acquired a new position in BJ’s Wholesale Club during the second quarter worth $26,000. REAP Financial Group LLC lifted its stake in BJ’s Wholesale Club by 152.5% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after acquiring an additional 151 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in BJ’s Wholesale Club during the 2nd quarter valued at about $35,000. Quarry LP acquired a new position in BJ’s Wholesale Club in the 1st quarter valued at about $48,000. Finally, Bayforest Capital Ltd grew its position in BJ’s Wholesale Club by 362.7% in the 2nd quarter. Bayforest Capital Ltd now owns 472 shares of the company’s stock valued at $51,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of several research reports. Jefferies Financial Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. Robert W. Baird reduced their target price 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, November 24th. Morgan Stanley decreased their price target on shares of BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report on Monday, November 24th. DA Davidson reiterated a “buy” rating and issued a $123.00 price objective on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Finally, BTIG Research reiterated a “buy” rating and issued a $120.00 target price on shares of BJ’s Wholesale Club in a report on Friday, November 21st. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.67.

BJ’s Wholesale Club Trading Down 1.3%

Shares of NYSE:BJ opened at $90.93 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $86.68 and a 52 week high of $121.10. The company’s 50 day moving average is $91.60 and its two-hundred day moving average is $100.89. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The company has a market cap of $11.90 billion, a PE ratio of 20.95, a P/E/G ratio of 2.53 and a beta of 0.31.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. The business had revenue of $5.35 billion during 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%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. Equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of the 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 in the company, valued at $26,620,096.85. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate 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.