BJ’s Wholesale Club Holdings, Inc. $BJ Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 31.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,791,602 shares of the company’s stock after purchasing an additional 1,152,591 shares during the period. Massachusetts Financial Services Co. MA owned 3.64% of BJ’s Wholesale Club worth $446,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BJ. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth $26,000. REAP Financial Group LLC boosted its stake in BJ’s Wholesale Club by 152.5% during the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after buying an additional 151 shares in the last quarter. Roxbury Financial LLC acquired a new position in BJ’s Wholesale Club during the third quarter worth about $28,000. Davis Capital Management bought a new stake in BJ’s Wholesale Club in the third quarter worth about $28,000. Finally, Eastern Bank acquired a new stake in BJ’s Wholesale Club in the 3rd quarter valued at about $29,000. 98.60% of the stock is owned by institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the sale, the executive vice president owned 50,498 shares of the company’s stock, valued at $4,599,862.82. The trade was a 12.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by insiders.

BJ’s Wholesale Club Stock Down 1.7%

Shares of NYSE:BJ opened at $93.32 on Monday. The firm has a 50 day simple moving average of $92.01 and a 200 day simple moving average of $96.45. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $86.68 and a 52 week high of $121.10. 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 $12.21 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.59 and a beta of 0.33.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.07. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the company posted $1.18 EPS. The company’s quarterly 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. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BJ shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BJ’s Wholesale Club in a research report on Thursday, January 8th. They set a “hold” rating for the company. Wells Fargo & Company reduced their target price on shares of BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Robert W. Baird dropped their price target on BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Monday, December 29th. Finally, Evercore ISI lifted their target price on BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a report on Monday, November 24th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $109.29.

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.