BJ’s Wholesale Club Holdings, Inc. $BJ Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 19.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 784,481 shares of the company’s stock after selling 187,057 shares during the period. Principal Financial Group Inc. owned about 0.60% of BJ’s Wholesale Club worth $73,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BJ. Mirae Asset Global Investments Co. Ltd. purchased a new stake in BJ’s Wholesale Club in the second quarter valued at $577,000. Ameritas Advisory Services LLC purchased a new stake in shares of BJ’s Wholesale Club in the second quarter valued at approximately $35,000. QRG Capital Management Inc. boosted its position in shares of BJ’s Wholesale Club by 68.1% during the 2nd quarter. QRG Capital Management Inc. now owns 7,881 shares of the company’s stock worth $850,000 after purchasing an additional 3,193 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of BJ’s Wholesale Club by 10.4% in the 2nd quarter. OLD National Bancorp IN now owns 3,405 shares of the company’s stock worth $367,000 after buying an additional 321 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of BJ’s Wholesale Club by 10.8% in the second quarter. DAVENPORT & Co LLC now owns 3,370 shares of the company’s stock valued at $363,000 after purchasing an additional 328 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Melius Research cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research report on Friday, January 23rd. UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. BTIG Research reissued a “buy” rating and issued a $120.00 target price on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. reduced their price objective on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $107.63.

BJ’s Wholesale Club Stock Performance

BJ opened at $95.76 on Wednesday. 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 business’s 50 day moving average is $92.56 and its 200-day moving average is $95.37. The stock has a market cap of $12.53 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.39 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $86.68 and a twelve month high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, beating 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 firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the firm earned $1.18 EPS. The firm’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, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the 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 directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

About BJ’s Wholesale Club

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.