Bessemer Group Inc. Sells 153,776 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Bessemer Group Inc. lowered its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,711,586 shares of the company’s stock after selling 153,776 shares during the period. Bessemer Group Inc.’s holdings in BJ’s Wholesale Club were worth $168,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartford Funds Management Co LLC raised its stake in BJ’s Wholesale Club by 8.4% during the first quarter. Hartford Funds Management Co LLC now owns 12,090 shares of the company’s stock worth $1,190,000 after buying an additional 934 shares during the last quarter. Calamos Wealth Management LLC acquired a new position in BJ’s Wholesale Club during the 1st quarter worth approximately $296,000. Calamos Advisors LLC bought a new position in shares of BJ’s Wholesale Club in the 1st quarter worth $296,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of BJ’s Wholesale Club during the first quarter valued at about $268,000. Finally, Bleakley Financial Group LLC grew its holdings in BJ’s Wholesale Club by 4.2% during the first quarter. Bleakley Financial Group LLC now owns 13,186 shares of the company’s stock worth $1,298,000 after buying an additional 533 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $93.03 on Friday. The firm has a market cap of $11.88 billion, a P/E ratio of 21.39, a P/E/G ratio of 3.36 and a beta of 0.22. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $83.21 and a 1-year high of $110.92. The firm has a 50-day moving average of $89.40 and a 200-day moving average of $93.40. The company has a current ratio of 0.73, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.44 billion. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. UBS Group restated a “buy” rating and issued a $109.00 target price on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Bank of America assumed coverage on shares of BJ’s Wholesale Club in a research report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday, July 8th. Finally, Citigroup dropped their price target on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $105.27.

Insider Activity

In other news, EVP Scott Schmadeke sold 16,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total value of $1,520,805.00. Following the completion of the transaction, the executive vice president owned 20,471 shares in the company, valued at $1,886,812.07. This trade represents a 44.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% 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.