Corient Private Wealth LLC Sells 11,044 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Corient Private Wealth LLC lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 32.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,495 shares of the company’s stock after selling 11,044 shares during the period. Corient Private Wealth LLC’s holdings in BJ’s Wholesale Club were worth $2,533,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in BJ’s Wholesale Club by 4.9% during the 1st quarter. Hsbc Holdings PLC now owns 7,734 shares of the company’s stock worth $880,000 after acquiring an additional 361 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of BJ’s Wholesale Club by 9.5% during the first quarter. 1832 Asset Management L.P. now owns 6,372 shares of the company’s stock valued at $727,000 after purchasing an additional 552 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in BJ’s Wholesale Club by 173.9% during the first quarter. Kestra Advisory Services LLC now owns 16,280 shares of the company’s stock valued at $1,858,000 after buying an additional 10,337 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in BJ’s Wholesale Club by 21.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,134 shares of the company’s stock valued at $358,000 after buying an additional 554 shares during the period. Finally, SVB Wealth LLC bought a new position in BJ’s Wholesale Club in the first quarter worth approximately $102,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BJ has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Tuesday, December 16th. BTIG Research restated a “buy” rating and set a $120.00 price objective on shares of BJ’s Wholesale Club in a research note on Friday, November 21st. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Evercore ISI boosted their target price on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.43.

BJ’s Wholesale Club Stock Down 0.5%

Shares of BJ stock opened at $94.18 on Tuesday. The stock’s fifty day moving average price is $91.93 and its 200 day moving average price is $98.88. 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 market cap of $12.32 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.60 and a beta of 0.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, topping 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 business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the company earned $1.18 earnings per share. The company’s quarterly 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, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $89.71, for a total value of $1,605,629.58. Following the completion of the sale, the chief executive officer directly owned 296,735 shares in the company, valued at $26,620,096.85. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William C. Werner sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $91.09, for a total transaction of $637,630.00. Following the sale, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by company insiders.

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.