Orion Porfolio Solutions LLC Lowers Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Orion Porfolio Solutions LLC cut its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 31.4% during the second quarter, HoldingsChannel reports. The fund owned 39,411 shares of the company’s stock after selling 17,998 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in BJ’s Wholesale Club were worth $4,250,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Friedenthal Financial purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at about $834,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $577,000. Maverick Capital Ltd. bought a new position in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $3,286,000. First Citizens Bank & Trust Co. lifted its position in BJ’s Wholesale Club by 252.8% during the second quarter. First Citizens Bank & Trust Co. now owns 13,326 shares of the company’s stock valued at $1,437,000 after acquiring an additional 9,549 shares during the last quarter. Finally, Strs Ohio acquired a new stake in BJ’s Wholesale Club in the first quarter valued at approximately $24,569,000. 98.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BJ. Evercore ISI upped their price target on BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. DA Davidson reiterated a “buy” rating and issued a $123.00 price target on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Wells Fargo & Company lowered their price target on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Finally, UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.43.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $95.69 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79. The stock has a 50-day moving average of $91.69 and a two-hundred day moving average of $99.31. The stock has a market cap of $12.52 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.57 and a beta of 0.31. BJ’s Wholesale Club Holdings, Inc. has a one year low of $86.68 and a one year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, November 21st. The company reported $1.16 EPS 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 the consensus estimate of $5.35 billion. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. As a group, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were 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. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the transaction, the chief executive officer owned 296,735 shares of the company’s stock, valued at $26,620,096.85. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.