21,000 Shares in BJ’s Wholesale Club Holdings, Inc. $BJ Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the third quarter, HoldingsChannel reports. The institutional investor acquired 21,000 shares of the company’s stock, valued at approximately $1,958,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BJ. Franklin Resources Inc. lifted its position in shares of BJ’s Wholesale Club by 2.2% in the 2nd quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock worth $615,963,000 after buying an additional 121,183 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in BJ’s Wholesale Club by 31.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock worth $446,817,000 after acquiring an additional 1,152,591 shares during the period. Bank of New York Mellon Corp lifted its holdings in 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 acquiring an additional 11,203 shares during the last quarter. Select Equity Group L.P. lifted its holdings in BJ’s Wholesale Club by 38.6% in the second quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock worth $260,028,000 after acquiring an additional 672,122 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 valued at $253,709,000 after acquiring an additional 29,076 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BJ shares. JPMorgan Chase & Co. dropped their price target on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. BTIG Research reaffirmed a “buy” rating and issued a $120.00 target price on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. DA Davidson reissued a “buy” rating and set a $123.00 price target on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Morgan Stanley lowered their price target on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.50.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,898 shares of the business’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 of the company’s stock, valued at $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William C. Werner sold 7,000 shares of the company’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 value of $637,630.00. Following the completion of the sale, the executive vice president owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by company insiders.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $95.43 on Wednesday. The stock has a market cap of $12.49 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.70 and a beta of 0.33. The firm’s 50-day simple moving average is $92.33 and its 200 day simple moving average is $95.82. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $86.68 and a fifty-two week high of $121.10. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18.

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, beating 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 firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. BJ’s Wholesale Club’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. Equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

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.