Crestwood Advisors Group LLC Decreases Position in BJ’s Wholesale Club Holdings, Inc. $BJ

by · The Cerbat Gem

Crestwood Advisors Group LLC lessened its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,048 shares of the company’s stock after selling 883 shares during the period. Crestwood Advisors Group LLC’s holdings in BJ’s Wholesale Club were worth $1,623,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in BJ’s Wholesale Club by 0.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock worth $498,219,000 after acquiring an additional 35,130 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of BJ’s Wholesale Club by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock worth $368,393,000 after purchasing an additional 741,782 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of BJ’s Wholesale Club by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock worth $323,242,000 after purchasing an additional 11,203 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of 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 purchasing an additional 1,608,571 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of BJ’s Wholesale Club by 0.7% during the first quarter. Alliancebernstein L.P. now owns 1,534,337 shares of the company’s stock valued at $175,068,000 after buying an additional 11,119 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 2.3%

Shares of BJ stock opened at $88.87 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $83.92 and a 12 month high of $121.10. The stock has a market cap of $11.71 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.42 and a beta of 0.33. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $93.98 and a two-hundred day simple moving average of $104.14.

BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last issued its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The company’s revenue for the quarter 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. On average, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup decreased their target price on 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. BTIG Research started coverage on shares of BJ’s Wholesale Club in a report on Tuesday, October 14th. They set a “buy” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, August 25th. Evercore ISI decreased their target price on shares of BJ’s Wholesale Club from $108.00 to $105.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Finally, DA Davidson lowered their price target on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average target price of $114.65.

Read Our Latest Research Report on BJ’s Wholesale Club

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 6,300 shares of the firm’s 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 of the company’s stock, valued at $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $89.71, for a total value of $1,605,629.58. Following the transaction, the chief executive officer directly owned 296,735 shares in the company, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

About BJ’s Wholesale Club

(Free Report)

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.

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