AlphaQuest LLC Sells 6,168 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

AlphaQuest LLC cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 77.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,835 shares of the company’s stock after selling 6,168 shares during the quarter. AlphaQuest LLC’s holdings in BJ’s Wholesale Club were worth $171,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in BJ’s Wholesale Club in the third quarter valued at approximately $28,000. Davis Capital Management bought a new stake in shares of BJ’s Wholesale Club in the third quarter valued at $28,000. Eastern Bank purchased a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at $29,000. Root Financial Partners LLC bought a new stake in BJ’s Wholesale Club in the 3rd quarter valued at about $29,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of BJ’s Wholesale Club in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 1.7%

Shares of BJ opened at $99.48 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $86.68 and a 1 year 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 50 day simple moving average of $93.61 and a two-hundred day simple moving average of $95.22. The firm has a market cap of $13.02 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.53 and a beta of 0.36.

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, topping analysts’ consensus estimates of $1.09 by $0.07. The firm had revenue of $5.35 billion during 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 business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club 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 stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the transaction, the executive vice president directly owned 50,498 shares of the company’s stock, valued at $4,599,862.82. The trade was a 12.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BJ. Melius Research cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Friday, January 23rd. JPMorgan Chase & Co. decreased 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 price objective for the stock from $115.00 to $90.00 in a report on Wednesday, January 7th. The Goldman Sachs Group lowered their price target on shares of BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $107.63.

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.