AGF Management Ltd. Invests $3.14 Million in BJ’s Wholesale Club Holdings, Inc. $BJ

AGF Management Ltd. purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 33,676 shares of the company’s stock, valued at approximately $3,140,000.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of BJ’s Wholesale Club by 2.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,544 shares of the company’s stock valued at $889,000 after purchasing an additional 221 shares during the last quarter. Financial Strategies Group Inc. grew its position in BJ’s Wholesale Club by 44.1% during the third quarter. Financial Strategies Group Inc. now owns 10,069 shares of the company’s stock valued at $914,000 after buying an additional 3,082 shares during the period. Significant Wealth Partners LLC grew its position in BJ’s Wholesale Club by 27.7% during the third quarter. Significant Wealth Partners LLC now owns 3,012 shares of the company’s stock valued at $281,000 after buying an additional 654 shares during the period. Arizona State Retirement System increased its holdings in BJ’s Wholesale Club by 1.7% during the third quarter. Arizona State Retirement System now owns 39,075 shares of the company’s stock worth $3,644,000 after buying an additional 647 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in BJ’s Wholesale Club by 2.4% in the third quarter. AE Wealth Management LLC now owns 33,411 shares of the company’s stock worth $3,116,000 after acquiring an additional 782 shares during the period. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In related 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 sale, the executive vice president owned 50,498 shares in the company, valued at approximately $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $98.59 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $86.68 and a 52-week high of $121.10. The stock’s 50-day simple moving average is $92.72 and its 200 day simple moving average is $95.39. 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 stock has a market capitalization 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.

BJ’s Wholesale Club (NYSE:BJ) last released 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 company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period last year, the business earned $1.18 earnings per share. BJ’s Wholesale Club’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. Research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BJ shares. The Goldman Sachs Group reduced their target price on shares of BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a research report on Monday. Robert W. Baird reduced their price objective on BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Evercore ISI boosted their target price on BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a research note on Monday, November 24th. Wells Fargo & Company dropped their price target on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Hold” and an average price target of $107.63.

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.