BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Bought by Corient Private Wealth LLC (2024)

Posted by Defense World Staff on Jan 29th, 2024

Corient Private Wealth LLC boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,844 shares of the company’s stock after buying an additional 2,976 shares during the quarter. Corient Private Wealth LLC owned 0.08% of BJ’s Wholesale Club worth $7,340,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its holdings in BJ’s Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock worth $34,000 after buying an additional 153 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in BJ’s Wholesale Club during the 2nd quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its holdings in BJ’s Wholesale Club by 41.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 665 shares of the company’s stock worth $42,000 after buying an additional 194 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in BJ’s Wholesale Club during the 4th quarter worth approximately $46,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of BJ’s Wholesale Club in the 1st quarter valued at approximately $50,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $65.87, for a total value of $65,870.00. Following the completion of the sale, the senior vice president now owns 10,464 shares in the company, valued at approximately $689,263.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Deutsche Bank Aktiengesellschaft downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and dropped their price objective for the company from $79.00 to $71.00 in a research report on Monday, November 6th. Citigroup dropped their price objective on shares of BJ’s Wholesale Club from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, November 20th. Evercore ISI dropped their price objective on shares of BJ’s Wholesale Club from $68.00 to $64.00 and set an “in-line” rating on the stock in a research report on Monday, November 20th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $70.00 price objective (down from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Hold” and a consensus target price of $70.81.

Read Our Latest Analysis on BJ’s Wholesale Club

BJ’s Wholesale Club Stock Down 0.2 %

Shares of NYSE:BJ opened at $64.73 on Monday. The stock has a market cap of $8.63 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.36 and a beta of 0.29. The firm has a fifty day moving average price of $65.80 and a 200 day moving average price of $67.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.73 and a quick ratio of 0.12. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $60.33 and a 1-year high of $78.88.

BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last issued its quarterly earnings results on Friday, November 17th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The firm had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.90 billion. BJ’s Wholesale Club had a net margin of 2.61% and a return on equity of 43.26%. BJ’s Wholesale Club’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.85 EPS for the current year.

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.

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As an expert and enthusiast, I don't have personal experiences or access to real-time information. However, I can provide you with general information on the concepts mentioned in the article you shared. Let's break it down:

Corient Private Wealth LLC's Holdings in BJ's Wholesale Club Holdings, Inc.

According to the article, Corient Private Wealth LLC increased its holdings in BJ's Wholesale Club Holdings, Inc. by 3.0% during the third quarter. They purchased an additional 2,976 shares, bringing their total ownership to 102,844 shares. The value of their holdings was reported to be $7,340,000 as of the most recent filing with the Securities & Exchange Commission [[1]].

Other Hedge Funds and Institutional Investors

The article also mentions that other hedge funds and institutional investors have made changes to their stakes in BJ's Wholesale Club. For example, Global Retirement Partners LLC increased its holdings by 45.3% during the third quarter, acquiring an additional 153 shares. ST Germain D J Co. Inc. acquired a new stake in the company during the second quarter, worth approximately $37,000. First Horizon Advisors Inc. increased its holdings by 41.2% during the second quarter, acquiring an additional 194 shares. Fortis Capital Advisors LLC acquired a new stake in the company during the fourth quarter, worth approximately $46,000. Finally, Point72 Hong Kong Ltd purchased a new stake in BJ's Wholesale Club in the first quarter, valued at approximately $50,000. Overall, it is stated that 98.60% of the stock is currently owned by institutional investors and hedge funds [[1]].

Insider Transactions

The article mentions that SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $65.87, resulting in a total value of $65,870.00. Following the sale, the senior vice president now owns 10,464 shares in the company, valued at approximately $689,263.68. This transaction was disclosed in a document filed with the Securities & Exchange Commission [[1]].

Analyst Ratings Changes

Several equities research analysts have commented on the stock of BJ's Wholesale Club. For example, Gordon Haskett raised the stock from a "hold" rating to a "buy" rating. Deutsche Bank Aktiengesellschaft downgraded the stock from a "buy" rating to a "hold" rating and dropped their price objective. Citigroup also dropped their price objective on the stock and set a "neutral" rating. Evercore ISI dropped their price objective on the stock and set an "in-line" rating. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a price objective on the stock. Overall, the consensus rating for BJ's Wholesale Club is "Hold" with a consensus target price of $70.81 [[1]].

BJ's Wholesale Club Stock Information

BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) opened at $64.73 on Monday. The stock has a market capitalization of $8.63 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.36, and a beta of 0.29. The firm has a fifty-day moving average price of $65.80 and a 200-day moving average price of $67.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.73, and a quick ratio of 0.12. BJ's Wholesale Club's 1-year low is $60.33 and the 1-year high is $78.88. The company last reported its quarterly earnings results on Friday, November 17th, with earnings per share of $0.98 for the quarter. The company's quarterly revenue was up 0.7% compared to the same quarter last year. Sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.85 EPS for the current year [[1]].

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc. operates warehouse clubs on the eastern half of the United States. The company provides perishable and general merchandise, gasoline, coupon books, promotions, and other ancillary services. BJ's Wholesale Club sells its products through various websites and a mobile app [[1]].

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