Park Avenue Securities LLC Acquires Shares of 9,474 BJ’s Wholesale Club Holdings, Inc. $BJ

Park Avenue Securities LLC acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,474 shares of the company’s stock, valued at approximately $1,022,000.

Several other large investors also recently bought and sold shares of BJ. Centaurus Financial Inc. acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth about $148,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of BJ’s Wholesale Club by 95.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,130 shares of the company’s stock worth $994,000 after buying an additional 5,442 shares during the period. 111 Capital acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth about $352,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of BJ’s Wholesale Club by 25.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 865 shares of the company’s stock worth $99,000 after buying an additional 174 shares during the period. Finally, Boston Common Asset Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the first quarter worth about $2,047,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.8%

BJ’s Wholesale Club stock opened at $93.07 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $81.63 and a 1-year high of $121.10. The company has a market cap of $12.26 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.40. The stock’s 50 day moving average price is $101.24 and its 200 day moving average price is $108.55.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analysts Set New Price Targets

BJ has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. JPMorgan Chase & Co. decreased their target price on shares of BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, August 25th. Citigroup decreased their target price on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 25th. Morgan Stanley reduced their price objective on shares of BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, August 25th. Finally, Wall Street Zen lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $114.63.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the sale, the executive vice president owned 114,127 shares of the company’s stock, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,461 shares of company stock worth $13,652,421. 1.40% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.