SG Americas Securities LLC Buys 48,903 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

SG Americas Securities LLC boosted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 256.8% during the third quarter, Holdings Channel.com reports. The fund owned 67,945 shares of the company’s stock after acquiring an additional 48,903 shares during the period. SG Americas Securities LLC’s holdings in BJ’s Wholesale Club were worth $6,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BJ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of BJ’s Wholesale Club by 4.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,137 shares of the company’s stock worth $60,032,000 after purchasing an additional 20,975 shares during the period. Strs Ohio acquired a new stake in BJ’s Wholesale Club during the first quarter worth about $24,569,000. Voya Investment Management LLC increased its holdings in BJ’s Wholesale Club by 24.2% in the 1st quarter. Voya Investment Management LLC now owns 29,878 shares of the company’s stock valued at $3,409,000 after buying an additional 5,815 shares during the period. Fox Hill Wealth Management raised its position in shares of BJ’s Wholesale Club by 0.7% in the 2nd quarter. Fox Hill Wealth Management now owns 31,189 shares of the company’s stock valued at $3,363,000 after buying an additional 230 shares in the last quarter. Finally, Thrive Wealth Management LLC raised its position in shares of BJ’s Wholesale Club by 6.9% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,657 shares of the company’s stock valued at $287,000 after buying an additional 172 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $90.10 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. The stock has a market cap of $11.79 billion, a PE ratio of 20.76, a PEG ratio of 2.47 and a beta of 0.33. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $86.68 and a 12-month high of $121.10. The business has a 50-day simple moving average of $91.63 and a two-hundred day simple moving average of $97.13.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.07. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the business posted $1.18 earnings per share. The business’s quarterly 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. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on BJ. BTIG Research restated 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. UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. DA Davidson reiterated a “buy” rating and issued a $123.00 target price on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Barclays cut shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $115.00 to $90.00 in a report on Wednesday. Finally, Evercore ISI raised their price target on shares of 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. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $109.64.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club 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 transaction, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. This trade represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

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.