TD Asset Management Inc Purchases New Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

TD Asset Management Inc purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,320 shares of the company’s stock, valued at approximately $1,221,000.

Other hedge funds also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $26,000. REAP Financial Group LLC boosted its position in BJ’s Wholesale Club by 152.5% in the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after buying an additional 151 shares during the period. Atlantic Edge Private Wealth Management LLC purchased a new stake in BJ’s Wholesale Club in the 1st quarter valued at about $33,000. Ameritas Advisory Services LLC purchased a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $35,000. Finally, HM Payson & Co. purchased a new stake in BJ’s Wholesale Club in the 1st quarter valued at about $41,000. 98.60% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the completion of the sale, the executive vice president directly owned 114,127 shares in the company, valued at $12,563,100.16. This trade represents a 33.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Graham Luce sold 6,300 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the sale, the executive vice president owned 11,617 shares of the company’s stock, 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. Company insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.0%

NYSE:BJ opened at $93.98 on Thursday. The firm has a market capitalization of $12.38 billion, a P/E ratio of 21.56, a PEG ratio of 2.50 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $83.92 and a 1-year high of $121.10. The company’s fifty day moving average price is $96.23 and its 200-day moving average price is $106.13. 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 (NYSE:BJ) last announced its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. 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 prior year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue 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. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BJ. UBS Group lowered their price target on shares of BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, August 25th. Wall Street Zen cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Citigroup lowered their price target on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, August 25th. Weiss Ratings cut shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price target 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. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.65.

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.