Assetmark Inc. Boosts Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Assetmark Inc. increased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4,780.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,358 shares of the company’s stock after buying an additional 81,650 shares during the period. Assetmark Inc. owned about 0.06% of BJ’s Wholesale Club worth $7,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BJ. Concurrent Investment Advisors LLC acquired a new stake in BJ’s Wholesale Club during the 2nd quarter worth $351,000. Sequoia Financial Advisors LLC raised its position in shares of BJ’s Wholesale Club by 3.1% in the second quarter. Sequoia Financial Advisors LLC now owns 3,346 shares of the company’s stock valued at $361,000 after buying an additional 101 shares during the last quarter. TD Asset Management Inc purchased a new position in shares of BJ’s Wholesale Club in the second quarter worth about $1,221,000. Harbour Investments Inc. boosted its position in BJ’s Wholesale Club by 1,889.7% during the second quarter. Harbour Investments Inc. now owns 1,154 shares of the company’s stock worth $124,000 after acquiring an additional 1,096 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of BJ’s Wholesale Club in the second quarter valued at approximately $474,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 2.1%

BJ stock opened at $102.65 on Tuesday. The company’s 50 day moving average price is $94.25 and its 200 day moving average price is $95.08. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.66 and a beta of 0.36. 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 quick ratio of 0.16 and a current ratio of 0.79.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, topping 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 company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the business posted $1.18 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on BJ. JPMorgan Chase & Co. reduced 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 report on Monday, November 10th. 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. Morgan Stanley lowered their price target on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. BTIG Research restated a “buy” rating and set a $120.00 price objective on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. Finally, Barclays lowered shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $115.00 to $90.00 in a report on Wednesday, January 7th. Eight investment 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. Based on data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Hold” and an average price target of $107.63.

BJ’s Wholesale Club Company 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.