Bank of New York Mellon Corp Cuts Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Bank of New York Mellon Corp lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,669,052 shares of the company’s stock after selling 167,977 shares during the period. Bank of New York Mellon Corp’s holdings in BJ’s Wholesale Club were worth $262,688,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP Scott Schmadeke sold 16,500 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 20,471 shares of the company’s stock, valued at $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

BJ’s Wholesale Club Trading Up 0.4%

NYSE:BJ opened at $93.41 on Friday. The stock’s 50 day moving average price is $89.41 and its 200 day moving average price is $93.40. The company has a market capitalization of $11.93 billion, a PE ratio of 21.47, a P/E/G ratio of 3.47 and a beta of 0.22. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.21 and a 52-week high of $110.92. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19.

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

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.