Corient Private Wealth LLC Trims Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Corient Private Wealth LLC decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 32.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,495 shares of the company’s stock after selling 11,044 shares during the quarter. Corient Private Wealth LLC’s holdings in BJ’s Wholesale Club were worth $2,533,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $26,000. REAP Financial Group LLC increased its holdings in shares of BJ’s Wholesale Club by 152.5% in the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in BJ’s Wholesale Club during the second quarter valued at approximately $35,000. Quarry LP bought a new stake in BJ’s Wholesale Club in the 1st quarter worth approximately $48,000. Finally, Bayforest Capital Ltd raised its holdings in shares of BJ’s Wholesale Club by 362.7% during the 2nd quarter. Bayforest Capital Ltd now owns 472 shares of the company’s stock worth $51,000 after acquiring an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $94.18 on Tuesday. The stock has a 50 day moving average price of $91.93 and a 200 day moving average price of $98.88. 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. The firm has a market capitalization of $12.32 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.60 and a beta of 0.31.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, November 21st. The company reported $1.16 earnings per share 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 analyst estimates of $5.35 billion. During the same quarter last year, the firm posted $1.18 earnings per share. The business’s 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. As a group, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on BJ shares. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Citigroup decreased their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their price target on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $123.00 price objective on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus target price of $111.43.

Insider Activity

In related news, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction dated 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 sale, the chief executive officer owned 296,735 shares in the company, valued at $26,620,096.85. This trade represents a 5.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William C. Werner sold 7,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total transaction of $637,630.00. Following the completion of the transaction, the executive vice president owned 50,498 shares in the company, valued at $4,599,862.82. This represents a 12.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.