Oliver Luxxe Assets LLC Increases Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Oliver Luxxe Assets LLC boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 62.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,023 shares of the company’s stock after acquiring an additional 9,984 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in BJ’s Wholesale Club were worth $2,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in BJ’s Wholesale Club by 2.2% during the second quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock valued at $615,963,000 after acquiring an additional 121,183 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in BJ’s Wholesale Club by 12.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,639,011 shares of the company’s stock worth $392,395,000 after purchasing an additional 410,326 shares during the last quarter. Bank of New York Mellon Corp boosted its position in BJ’s Wholesale Club by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after buying an additional 11,203 shares during the period. 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 valued at $260,028,000 after buying an additional 672,122 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of BJ’s Wholesale Club by 1.3% during the second quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock valued at $253,709,000 after buying an additional 29,076 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

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 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 approximately $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $89.71, for a total transaction 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 represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays cut BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $115.00 to $90.00 in a report on Wednesday. Evercore ISI boosted their price objective on 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. Deutsche Bank Aktiengesellschaft started coverage on shares of BJ’s Wholesale Club in a report on Thursday. They issued a “hold” rating on the stock. DA Davidson reiterated a “buy” rating and set a $123.00 price target on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $109.64.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $90.10 on Friday. The company has a 50-day simple moving average of $91.63 and a two-hundred day simple moving average of $97.13. 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 firm has a market capitalization of $11.79 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.47 and a beta of 0.33. 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 announced its earnings results on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.