Tectonic Advisors LLC Sells 943 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Tectonic Advisors LLC reduced its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,276 shares of the company’s stock after selling 943 shares during the period. Tectonic Advisors LLC’s holdings in BJ’s Wholesale Club were worth $461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in BJ’s Wholesale Club by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock valued at $498,219,000 after buying an additional 35,130 shares during the last quarter. Bessemer Group Inc. increased its holdings in BJ’s Wholesale Club by 65.9% during the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company’s stock valued at $477,709,000 after buying an additional 1,662,415 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in BJ’s Wholesale Club by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock valued at $368,393,000 after buying an additional 741,782 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in BJ’s Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company’s stock valued at $340,759,000 after buying an additional 1,989,980 shares during the last quarter. Finally, Select Equity Group L.P. increased its holdings in BJ’s Wholesale Club by 1,230.1% during the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock valued at $198,458,000 after buying an additional 1,608,571 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, EVP Paul Cichocki sold 58,436 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the completion of the transaction, the executive vice president directly owned 114,127 shares of the company’s stock, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the transaction, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. The trade was a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ opened at $90.10 on Friday. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.36 and a beta of 0.36. The company has a fifty day moving average of $98.38 and a 200 day moving average of $107.25. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.92 and a fifty-two week high of $121.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group reduced their target price on shares of BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a report 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 note on Monday, August 25th. DA Davidson reduced their price objective on shares of BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, August 25th. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Friday, August 15th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Hold” and an average target price of $114.31.

BJ’s Wholesale Club Company 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.