Federated Hermes Inc. Grows Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Federated Hermes Inc. lifted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 95.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,753 shares of the company’s stock after acquiring an additional 10,646 shares during the quarter. Federated Hermes Inc.’s holdings in BJ’s Wholesale Club were worth $2,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Friedenthal Financial purchased a new position in shares of BJ’s Wholesale Club in the second quarter valued at approximately $834,000. Massachusetts Financial Services Co. MA raised its stake in BJ’s Wholesale Club by 31.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock valued at $446,817,000 after purchasing an additional 1,152,591 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in BJ’s Wholesale Club by 22.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 100,007 shares of the company’s stock valued at $9,326,000 after purchasing an additional 18,288 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in BJ’s Wholesale Club by 7.3% in the 3rd quarter. Boston Trust Walden Corp now owns 924,785 shares of the company’s stock valued at $86,236,000 after purchasing an additional 62,903 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in BJ’s Wholesale Club during the 2nd quarter worth $577,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $98.59 on Thursday. The firm has a 50 day simple moving average of $92.72 and a 200-day simple moving average of $95.39. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.49 and a beta of 0.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $86.68 and a 1-year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly 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. The firm had revenue of $5.35 billion for 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 business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Ratings Changes

BJ has been the subject of a number of recent research reports. Robert W. Baird reduced their target price on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Morgan Stanley cut their price objective on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. The Goldman Sachs Group decreased their target price on shares of BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating on the stock in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Finally, BTIG Research reiterated a “buy” rating and set a $120.00 price objective on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $107.63.

Insider Activity at BJ’s Wholesale Club

In other 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 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 document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.