BlackRock Cuts BJ's Wholesale Club Stake to 8.0%

Ticker: BJ · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z

Sentiment: bearish

Topics: institutional-ownership, stake-reduction, SC-13G/A, BJ

TL;DR

**BlackRock trimmed its BJ's stake, signaling a potential shift in their investment view.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership in BJ's Wholesale Club Holdings, Inc. (BJ). As of December 31, 2023, BlackRock reported beneficial ownership of 10,776,310 shares of BJ's common stock, representing 8.0% of the company's outstanding shares. This is a decrease from their previous filing, indicating BlackRock has reduced its stake, which could signal a shift in their investment outlook for BJ's and might concern current or prospective investors.

Why It Matters

This filing shows a major institutional investor, BlackRock, has reduced its ownership in BJ's Wholesale Club, which could be interpreted as a less bullish outlook on the company's future performance.

Risk Assessment

Risk Level: medium — A significant institutional investor reducing its stake can sometimes precede a period of underperformance for the stock, posing a moderate risk to investors.

Analyst Insight

Investors should investigate the reasons behind BlackRock's reduced stake in BJ's Wholesale Club and consider if this aligns with their own investment thesis for the company. It might be prudent to review BJ's recent financial performance and future outlook.

Key Numbers

10,776,310 — Shares owned by BlackRock (Represents BlackRock's beneficial ownership in BJ's Wholesale Club as of December 31, 2023.)
8.0% — Percentage of class owned (Indicates BlackRock's reduced stake in BJ's Wholesale Club, down from a previous filing.)
December 31, 2023 — Date of Event (The snapshot date for the reported share ownership.)

Key Players & Entities

BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
BJ's Wholesale Club Holdings, Inc. (company) — the subject company in which BlackRock holds shares
10,776,310 shares (dollar_amount) — the number of shares beneficially owned by BlackRock as of December 31, 2023
8.0% (dollar_amount) — the percentage of BJ's common stock beneficially owned by BlackRock
December 31, 2023 (date) — the date of the event requiring the filing
January 25, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

BJ's Wholesale Club's stock price may experience downward pressure or slower growth due to BlackRock's reduced stake. (BJ's Wholesale Club Holdings, Inc.) — medium confidence, target: Q1 2024

FAQ

What type of filing is this document and who filed it?

This document is an SC 13G/A, an amendment to a Schedule 13G, filed by BlackRock Inc. regarding its ownership in BJ's Wholesale Club Holdings, Inc.

What is the specific date of the event that triggered this filing?

The date of the event which requires the filing of this statement is December 31, 2023, as stated in the filing.

How many shares of BJ's Wholesale Club Holdings, Inc. common stock does BlackRock Inc. beneficially own as per this filing?

BlackRock Inc. beneficially owns 10,776,310 shares of BJ's Wholesale Club Holdings, Inc. common stock, according to the filing.

What percentage of BJ's Wholesale Club Holdings, Inc.'s common stock does BlackRock Inc. now own?

BlackRock Inc. now beneficially owns 8.0% of BJ's Wholesale Club Holdings, Inc.'s common stock, as reported in the filing.

Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.

From the Filing

0001086364-24-003234.txt : 20240125 0001086364-24-003234.hdr.sgml : 20240125 20240125134848 ACCESSION NUMBER: 0001086364-24-003234 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BJ's Wholesale Club Holdings, Inc. CENTRAL INDEX KEY: 0001531152 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 452936287 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90667 FILM NUMBER: 24560969 BUSINESS ADDRESS: STREET 1: 350 CAMPUS DRIVE CITY: MARLBOROUGH STATE: MA ZIP: 01752 BUSINESS PHONE: 774-512-7400 MAIL ADDRESS: STREET 1: 350 CAMPUS DRIVE CITY: MARLBOROUGH STATE: MA ZIP: 01752 FORMER COMPANY: FORMER CONFORMED NAME: Beacon Holding Inc. DATE OF NAME CHANGE: 20110927 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us05550j1016_012524.txt us05550j1016_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 6) BJs Wholesale Club Holdings, Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 05550J101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 05550J101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 11274738 (6) Shared voting power 0 (7) Sole dispositive power 11669848 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 11669848 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.7% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- BJs Wholesale Club Holdings, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 350 CAMPUS DRIVE MARLBOROUGH MA 01752 Item 2. 2(a) Name of person filing: ------------------------------------------------------------------