BJ’s Wholesale Club Holdings, Inc. $BJ Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 96.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 710 shares of the company’s stock after selling 16,999 shares during the quarter. Global Retirement Partners LLC’s holdings in BJ’s Wholesale Club were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in BJ’s Wholesale Club during the second quarter worth about $178,952,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of BJ’s Wholesale Club by 4,711.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 925,002 shares of the company’s stock worth $99,743,000 after acquiring an additional 905,778 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of BJ’s Wholesale Club by 38.6% during the 2nd quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock worth $260,028,000 after purchasing an additional 672,122 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of BJ’s Wholesale Club by 1,668.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 511,344 shares of the company’s stock worth $55,138,000 after purchasing an additional 482,429 shares during the period. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at approximately $48,982,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Robert W. Eddy sold 17,898 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the sale, the executive vice president directly owned 50,498 shares in the company, valued at $4,599,862.82. This trade represents a 12.17% decrease in their position. 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 Stock Up 0.6%

Shares of BJ’s Wholesale Club stock opened at $95.99 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. 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 market capitalization of $12.56 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.64 and a beta of 0.33. The company has a 50 day moving average of $91.85 and a 200 day moving average of $96.72.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BJ shares. Evercore ISI raised their price target on BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. Morgan Stanley lowered their target price on BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, November 24th. Barclays downgraded BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $115.00 to $90.00 in a research report on Wednesday, January 7th. BTIG Research reissued a “buy” rating and set a $120.00 price target on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of BJ’s Wholesale Club in a report on Thursday, January 8th. They issued a “hold” rating for the company. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and an average price target of $109.64.

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.