Ontario Teachers Pension Plan Board Boosts Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Ontario Teachers Pension Plan Board grew its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 45.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,990 shares of the company’s stock after buying an additional 8,784 shares during the period. Ontario Teachers Pension Plan Board’s holdings in BJ’s Wholesale Club were worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Franklin Resources Inc. lifted its stake in BJ’s Wholesale Club by 2.2% during the second quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock worth $615,963,000 after purchasing an additional 121,183 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in 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 lifted its position in shares of 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 worth $323,242,000 after buying an additional 11,203 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of 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 valued at $260,028,000 after buying an additional 672,122 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 valued at $253,709,000 after buying an additional 29,076 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.5%

Shares of NYSE:BJ opened at $98.93 on Thursday. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 2.57 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $86.68 and a fifty-two week high of $121.10. The firm’s 50-day simple moving average is $94.62 and its 200-day simple moving average is $95.04. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, November 21st. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the firm earned $1.18 earnings per share. The firm’s 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, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club 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 value of $637,630.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BTIG Research reissued a “buy” rating and issued a $120.00 price target on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. Melius Research downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Friday, January 23rd. DA Davidson restated a “buy” rating and set a $123.00 price target on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Jefferies Financial Group cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and reduced their price objective for the company from $120.00 to $90.00 in a research note on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $107.63.

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.