Covea Finance Acquires 8,400 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Covea Finance increased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 24.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,200 shares of the company’s stock after purchasing an additional 8,400 shares during the quarter. Covea Finance’s holdings in BJ’s Wholesale Club were worth $3,935,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in shares of BJ’s Wholesale Club by 4.9% in the 1st quarter. Hsbc Holdings PLC now owns 7,734 shares of the company’s stock valued at $880,000 after acquiring an additional 361 shares in the last quarter. Kestra Advisory Services LLC boosted its position 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 purchasing an additional 10,337 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in BJ’s Wholesale Club by 21.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,134 shares of the company’s stock valued at $358,000 after purchasing an additional 554 shares in the last quarter. Ieq Capital LLC increased its position in shares of BJ’s Wholesale Club by 105.0% during the 1st quarter. Ieq Capital LLC now owns 60,926 shares of the company’s stock worth $6,952,000 after purchasing an additional 31,206 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its stake in shares of BJ’s Wholesale Club by 2.9% during the 1st quarter. CreativeOne Wealth LLC now owns 3,636 shares of the company’s stock worth $415,000 after purchasing an additional 102 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BJ shares. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Monday. Evercore ISI lifted their price objective on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a research report on Monday, November 24th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Morgan Stanley cut their target price on shares of BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, November 24th. Finally, Robert W. Baird lowered their price target on BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.43.

Insider Transactions at BJ’s Wholesale Club

In related news, 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert W. Eddy sold 17,898 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total value of $1,605,629.58. Following the transaction, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. This trade represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ opened at $93.88 on Friday. 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 business has a fifty day simple moving average of $91.92 and a 200 day simple moving average of $98.69. 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 capitalization of $12.28 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.59 and a beta of 0.31.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results 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. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The company 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 firm earned $1.18 earnings per share. The company’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. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

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.