Texas Permanent School Fund Corp Sells 7,155 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Texas Permanent School Fund Corp trimmed its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,678 shares of the company’s stock after selling 7,155 shares during the period. Texas Permanent School Fund Corp’s holdings in BJ’s Wholesale Club were worth $11,503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in shares of BJ’s Wholesale Club by 2.2% in the second quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock worth $615,963,000 after buying an additional 121,183 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in BJ’s Wholesale Club by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock worth $498,219,000 after acquiring an additional 35,130 shares during the period. Massachusetts Financial Services Co. MA raised its position in BJ’s Wholesale Club by 12.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,639,011 shares of the company’s stock worth $392,395,000 after acquiring an additional 410,326 shares during the period. Bank of New York Mellon Corp boosted its stake 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 acquiring an additional 11,203 shares during the last quarter. Finally, Select Equity Group L.P. grew its position in shares of BJ’s Wholesale Club by 38.6% during 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 acquiring an additional 672,122 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Activity

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, December 5th. The shares were sold at an average price of $91.09, for a total value of $637,630.00. Following the sale, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. The trade was a 12.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert W. Eddy sold 17,898 shares of the business’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 completion of the sale, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,198 shares of company stock worth $2,872,378 over the last quarter. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $93.08 on Monday. The business’s 50-day simple moving average is $91.47 and its two-hundred day simple moving average is $99.62. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $86.68 and a 52 week high of $121.10. The stock has a market cap of $12.18 billion, a PE ratio of 21.45, a P/E/G ratio of 2.56 and a beta of 0.31. 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 released its earnings results on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.18 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. As a group, 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 equities analysts recently commented on BJ shares. UBS Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. JPMorgan Chase & Co. reduced their price target on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday. DA Davidson reiterated a “buy” rating and set a $123.00 price objective on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, August 22nd. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.43.

About BJ’s Wholesale Club

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.