JPMorgan Chase & Co. Sells 429,140 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

JPMorgan Chase & Co. decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 23.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,370,902 shares of the company’s stock after selling 429,140 shares during the period. JPMorgan Chase & Co. owned 1.04% of BJ’s Wholesale Club worth $147,824,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Magnetar Financial LLC purchased a new position in BJ’s Wholesale Club in the 2nd quarter valued at approximately $642,000. Dynamic Technology Lab Private Ltd bought a new position in shares of BJ’s Wholesale Club in the second quarter worth $5,098,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of BJ’s Wholesale Club in the second quarter valued at $205,000. Ensign Peak Advisors Inc raised its stake in shares of BJ’s Wholesale Club by 1.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 62,462 shares of the company’s stock valued at $6,735,000 after purchasing an additional 936 shares during the period. Finally, Dorsey Wright & Associates purchased a new stake in BJ’s Wholesale Club during the 2nd quarter worth about $1,456,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on BJ. Morgan Stanley reduced their target price on BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday. Weiss Ratings lowered shares of BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday. Evercore ISI increased their target price on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a research note on Monday. Finally, UBS Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $111.67.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $90.85 on Thursday. The company’s fifty day moving average price is $92.20 and its 200-day moving average price is $101.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.46 and a beta of 0.33. BJ’s Wholesale Club Holdings, Inc. has a one year low of $86.68 and a one year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last announced 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 company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP Graham Luce sold 6,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the sale, the executive vice president owned 11,617 shares in the company, valued at $1,160,073.62. The trade was a 35.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total value of $1,605,629.58. Following the completion of the sale, the chief executive officer directly owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by corporate insiders.

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.