US Bancorp DE Purchases 14,786 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Posted by Defense World Staff on Aug 18th, 2023

US Bancorp DE lifted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 46.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,576 shares of the company’s stock after acquiring an additional 14,786 shares during the quarter. US Bancorp DE’s holdings in BJ’s Wholesale Club were worth $3,543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley grew its stake in BJ’s Wholesale Club by 180.8% in the fourth quarter. Morgan Stanley now owns 2,615,939 shares of the company’s stock valued at $173,071,000 after purchasing an additional 1,684,174 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in BJ’s Wholesale Club by 145.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock valued at $163,792,000 after purchasing an additional 1,436,785 shares during the last quarter. Norges Bank purchased a new position in BJ’s Wholesale Club in the fourth quarter valued at about $89,816,000. Eaton Vance Management grew its stake in BJ’s Wholesale Club by 323.5% in the first quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock valued at $116,230,000 after purchasing an additional 1,313,206 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its stake in BJ’s Wholesale Club by 2,418.3% in the first quarter. Congress Asset Management Co. MA now owns 1,339,159 shares of the company’s stock valued at $101,870,000 after purchasing an additional 1,285,982 shares during the last quarter. 93.02% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Trading Down 0.9 %

Shares of NYSE:BJ opened at $68.56 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $60.33 and a 12-month high of $80.41. The company has a market capitalization of $9.21 billion, a PE ratio of 18.14, a PEG ratio of 2.77 and a beta of 0.47. The business has a 50 day moving average of $64.68 and a two-hundred day moving average of $69.95. The company has a current ratio of 0.70, a quick ratio of 0.12 and a debt-to-equity ratio of 0.40.

BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last announced its quarterly earnings results on Tuesday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. BJ’s Wholesale Club had a return on equity of 53.66% and a net margin of 2.64%. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the company posted $0.87 earnings per share. BJ’s Wholesale Club’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.89 EPS for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Monica Schwartz sold 15,168 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $61.85, for a total transaction of $938,140.80. Following the completion of the transaction, the executive vice president now directly owns 25,962 shares of the company’s stock, valued at approximately $1,605,749.70. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Joseph Mcgrail sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $70.00, for a total transaction of $56,000.00. Following the completion of the sale, the senior vice president now directly owns 13,374 shares in the company, valued at $936,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Monica Schwartz sold 15,168 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $61.85, for a total value of $938,140.80. Following the sale, the executive vice president now owns 25,962 shares of the company’s stock, valued at $1,605,749.70. The disclosure for this sale can be found here. Insiders sold a total of 16,368 shares of company stock valued at $1,022,148 in the last three months. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup cut their target price on BJ’s Wholesale Club from $83.00 to $74.00 in a research note on Wednesday, May 24th. Robert W. Baird dropped their price target on BJ’s Wholesale Club from $90.00 to $80.00 in a research note on Wednesday, May 24th. Bank of America dropped their price target on BJ’s Wholesale Club from $87.00 to $85.00 in a research note on Tuesday, May 23rd. JPMorgan Chase & Co. dropped their price target on BJ’s Wholesale Club from $65.00 to $62.00 in a research note on Wednesday, May 24th. Finally, Morgan Stanley dropped their price target on BJ’s Wholesale Club from $77.00 to $72.00 in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.93.

Get Our Latest Analysis on BJ’s Wholesale Club

BJ’s Wholesale Club Company Profile

(Free Report)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.