Impax Asset Management Group plc Sells 9,139 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Impax Asset Management Group plc trimmed its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,955 shares of the company’s stock after selling 9,139 shares during the period. Impax Asset Management Group plc owned about 0.09% of BJ’s Wholesale Club worth $11,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its position in BJ’s Wholesale Club by 2.2% during the second quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock valued at $615,963,000 after purchasing an additional 121,183 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of BJ’s Wholesale Club by 31.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock valued at $446,817,000 after buying an additional 1,152,591 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of BJ’s Wholesale Club by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after buying an additional 11,203 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of BJ’s Wholesale Club by 38.6% in the second quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock valued at $260,028,000 after buying an additional 672,122 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in BJ’s Wholesale Club by 1.3% during the second quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock worth $253,709,000 after buying 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

A number of analysts have commented on BJ shares. UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. DA Davidson reiterated a “buy” rating and issued a $123.00 target price on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Wells Fargo & Company reduced their price target on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Robert W. Baird dropped their price objective on BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Finally, Melius Research cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Friday, January 23rd. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $107.63.

BJ’s Wholesale Club Stock Up 1.7%

BJ stock opened at $99.48 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $86.68 and a fifty-two week high of $121.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.53 and a beta of 0.36. The business’s fifty day moving average price is $93.61 and its two-hundred day moving average price is $95.22.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the company posted $1.18 earnings per share. BJ’s Wholesale Club’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. On average, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the sale, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. The trade was a 12.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.