BJ’s Wholesale Club Holdings, Inc. $BJ Shares Sold by Atria Investments Inc

Atria Investments Inc cut its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 22.3% in the third quarter, according to the company in 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 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in BJ’s Wholesale Club in the second quarter worth approximately $178,952,000. Massachusetts Financial Services Co. MA lifted its position in shares of BJ’s Wholesale Club by 31.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock worth $446,817,000 after purchasing an additional 1,152,591 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of BJ’s Wholesale Club by 4,711.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 925,002 shares of the company’s stock worth $99,743,000 after purchasing an additional 905,778 shares in the last quarter. Select Equity Group L.P. grew its stake in shares of BJ’s Wholesale Club by 38.6% during the second quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock worth $260,028,000 after purchasing an additional 672,122 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in BJ’s Wholesale Club by 1,668.4% in the second quarter. Qube Research & Technologies Ltd now owns 511,344 shares of the company’s stock valued at $55,138,000 after buying an additional 482,429 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Up 2.1%

Shares of BJ’s Wholesale Club stock opened at $102.65 on Tuesday. The company has a 50-day moving average of $94.25 and a two-hundred day moving average of $95.08. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $86.68 and a 12-month high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The stock has a market cap of $13.43 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly 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 business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. The company’s 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. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Barclays lowered shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $115.00 to $90.00 in a research note on Wednesday, January 7th. JPMorgan Chase & Co. lowered their target price on shares of 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. UBS Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report 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 stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Hold” and a consensus target price of $107.63.

Insiders Place Their Bets

In other news, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club stock in a transaction 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 completion of the transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

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.