Legacy Wealth Asset Management LLC Sells 718 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Legacy Wealth Asset Management LLC trimmed its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 23.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,394 shares of the company’s stock after selling 718 shares during the period. Legacy Wealth Asset Management LLC’s holdings in BJ’s Wholesale Club were worth $258,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in BJ’s Wholesale Club by 22.0% in the 1st quarter. IFP Advisors Inc now owns 510 shares of the company’s stock valued at $58,000 after buying an additional 92 shares during the last quarter. Fulton Bank N.A. boosted its position in BJ’s Wholesale Club by 1.9% in the 2nd quarter. Fulton Bank N.A. now owns 5,174 shares of the company’s stock valued at $558,000 after buying an additional 98 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in BJ’s Wholesale Club by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the company’s stock valued at $4,000,000 after buying an additional 100 shares during the last quarter. Greenleaf Trust boosted its position in BJ’s Wholesale Club by 4.3% in the 1st quarter. Greenleaf Trust now owns 2,450 shares of the company’s stock valued at $280,000 after buying an additional 101 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in BJ’s Wholesale Club by 3.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,346 shares of the company’s stock valued at $361,000 after buying an additional 101 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Stock Up 0.0%

NYSE:BJ opened at $93.95 on Wednesday. The stock’s fifty day simple moving average is $96.43 and its 200-day simple moving average is $106.21. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $12.38 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.50 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.92 and a 12-month high of $121.10.

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, topping the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous 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. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on BJ shares. JPMorgan Chase & Co. decreased their price objective on BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, August 25th. Morgan Stanley reduced their price target on BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, August 25th. Gordon Haskett lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Friday, August 15th. Wall Street Zen lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Citigroup reduced their price target on BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $114.65.

Insider Activity

In other BJ’s Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of BJ’s Wholesale Club stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the transaction, the executive vice president directly owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was 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 BJ’s Wholesale Club stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the transaction, the executive vice president owned 11,617 shares in the company, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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.