Envestnet Asset Management Inc. Purchases 25,326 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Envestnet Asset Management Inc. lifted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 670,052 shares of the company’s stock after buying an additional 25,326 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.51% of BJ’s Wholesale Club worth $62,482,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. lifted its position in shares of BJ’s Wholesale Club by 2.2% in 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 in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of BJ’s Wholesale Club by 31.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock worth $446,817,000 after purchasing an additional 1,152,591 shares in the last quarter. Bank of New York Mellon Corp raised its stake in BJ’s Wholesale Club by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after purchasing an additional 11,203 shares during the period. Select Equity Group L.P. lifted its holdings in BJ’s Wholesale Club by 38.6% in the 2nd quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock worth $260,028,000 after purchasing an additional 672,122 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in BJ’s Wholesale Club by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock worth $253,709,000 after purchasing an additional 29,076 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the sale, the executive vice president owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

BJ has been the topic of several recent analyst reports. Robert W. Baird reduced their price objective on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Evercore lifted their price target on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a report on Monday, November 24th. TD Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. The Goldman Sachs Group cut their price objective on BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on BJ’s Wholesale Club in a research report on Thursday, January 8th. They issued a “hold” rating on the stock. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $107.63.

BJ’s Wholesale Club Stock Up 1.3%

NYSE BJ opened at $100.59 on Monday. The business has a fifty day moving average price of $93.10 and a 200 day moving average price of $95.26. 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 company has a market cap of $13.16 billion, a P/E ratio of 23.18, a P/E/G ratio of 2.60 and a beta of 0.36. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

BJ’s Wholesale Club Company 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.