Oliver Luxxe Assets LLC Boosts Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Oliver Luxxe Assets LLC boosted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 62.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,023 shares of the company’s stock after buying an additional 9,984 shares during the period. Oliver Luxxe Assets LLC’s holdings in BJ’s Wholesale Club were worth $2,427,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of BJ’s Wholesale Club by 2.2% during the second quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock valued at $615,963,000 after acquiring an additional 121,183 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in BJ’s Wholesale Club by 12.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,639,011 shares of the company’s stock worth $392,395,000 after purchasing an additional 410,326 shares in the last quarter. Bank of New York Mellon Corp grew its position in BJ’s Wholesale Club by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after purchasing an additional 11,203 shares during the last quarter. Select Equity Group L.P. increased its stake in BJ’s Wholesale Club by 38.6% during the 2nd quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock valued at $260,028,000 after purchasing an additional 672,122 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in BJ’s Wholesale Club by 1.3% in the second quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock worth $253,709,000 after buying an additional 29,076 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $90.10 on Friday. The business has a fifty day moving average of $91.63 and a 200 day moving average of $97.13. The firm has a market capitalization of $11.79 billion, a P/E ratio of 20.76, a PEG ratio of 2.47 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. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the firm posted $1.18 earnings per share. The firm’s 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. As a group, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $91.09, for a total transaction 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. The trade was 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 the firm’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 transaction of $1,605,629.58. Following the sale, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. The trade was 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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BJ. JPMorgan Chase & Co. cut their price target on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. DA Davidson reissued a “buy” rating and issued a $123.00 target price on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft assumed coverage on BJ’s Wholesale Club in a report on Thursday. They set a “hold” rating on the stock. Finally, Wells Fargo & Company reduced their price objective on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $109.64.

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.