Atria Investments Inc Decreases Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Atria Investments Inc trimmed its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 22.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,915 shares of the company’s stock after selling 8,886 shares during the quarter. Atria Investments Inc’s holdings in BJ’s Wholesale Club were worth $2,883,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in BJ’s Wholesale Club during the 3rd quarter worth $28,000. Davis Capital Management purchased a new position in shares of BJ’s Wholesale Club in the third quarter worth about $28,000. Eastern Bank acquired a new position in BJ’s Wholesale Club during the third quarter worth about $29,000. Root Financial Partners LLC acquired a new position in BJ’s Wholesale Club during the third quarter worth about $29,000. Finally, Huntington National Bank grew its stake in BJ’s Wholesale Club by 65.7% during the 2nd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $57,000 after acquiring an additional 211 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BJ’s Wholesale Club

In related 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 transaction, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and decreased their target price for the stock from $120.00 to $90.00 in a research note on Wednesday, January 28th. BTIG Research reaffirmed a “buy” rating and issued a $120.00 price target on shares of BJ’s Wholesale Club in a report on Friday, November 21st. JPMorgan Chase & Co. lowered their price objective on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Barclays cut 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 report on Wednesday, January 7th. Finally, Evercore raised their target price on BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a research note on Monday, November 24th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $107.63.

BJ’s Wholesale Club Stock Up 2.1%

NYSE:BJ opened at $102.65 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $86.68 and a 52 week high of $121.10. The stock’s fifty day moving average is $94.25 and its two-hundred day moving average is $95.08. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.36. 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 (NYSE:BJ) last posted its quarterly earnings data on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The company’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. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

About BJ’s Wholesale Club

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.