Primecap Management Co. CA bought a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 807,749 shares of the company’s stock, valued at approximately $70,452,000.
A number of other institutional investors and hedge funds also recently modified their holdings of BJ. BOK Financial Private Wealth Inc. purchased a new position in BJ’s Wholesale Club in the fourth quarter worth $25,000. Strive Financial Group LLC bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth $25,000. Parkside Financial Bank & Trust raised its stake in shares of BJ’s Wholesale Club by 147.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the period. Quantbot Technologies LP purchased a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth about $28,000. Finally, Essential Partners LLC boosted its holdings in shares of BJ’s Wholesale Club by 81.2% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock worth $29,000 after buying an additional 130 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on BJ. Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 14th. The Goldman Sachs Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. William Blair lowered shares of BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $97.00 price target on shares of BJ’s Wholesale Club in a report on Monday. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $106.06.
BJ’s Wholesale Club Trading Down 1.4%
Shares of BJ’s Wholesale Club stock opened at $93.07 on Thursday. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.18 and a beta of 0.21. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.21 and a 12-month high of $105.78. The company’s 50-day moving average price is $91.90 and its 200-day moving average price is $93.73. The company has a current ratio of 0.73, a quick ratio of 0.19 and a debt-to-equity ratio of 0.18.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last released its quarterly earnings results on Friday, August 21st. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.19. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.97 billion. BJ’s Wholesale Club had a return on equity of 27.40% and a net margin of 2.64%.The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.69 earnings per share for the current fiscal year.
Insider Activity at BJ’s Wholesale Club
In other news, CEO Robert W. Eddy sold 4,900 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $100.01, for a total value of $490,049.00. Following the sale, the chief executive officer directly owned 274,330 shares of the company’s stock, valued at $27,435,743.30. This represents a 1.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total value of $144,975.00. Following the completion of the sale, the senior vice president owned 13,269 shares in the company, valued at $1,282,448.85. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,916 shares of company stock worth $9,458,889 over the last ninety days. 1.10% of the stock is owned by corporate insiders.
More BJ’s Wholesale Club News
Here are the key news stories impacting BJ’s Wholesale Club this week:
- Positive Sentiment: Citi maintained its Buy rating on BJ’s, reinforcing a favorable analyst view of the warehouse-club operator. Citi Sticks to Their Buy Rating for BJ’s Wholesale Club Holdings
- Positive Sentiment: UBS raised its price target to $115, implying additional upside from recent trading levels and signaling confidence in BJ’s earnings outlook. UBS Group Increases BJ’s Wholesale Club Price Target
- Positive Sentiment: A new Ocala store is expected to expand BJ’s membership and sales footprint. The impact is likely incremental, but new locations can support longer-term growth. Ocala BJ’s Wholesale Club Store Opening
- Positive Sentiment: Zacks identified BJ as a top-ranked growth stock, highlighting its recent operating momentum and potential appeal to growth-focused investors. BJ’s Wholesale Club Is a Top-Ranked Growth Stock
BJ’s Wholesale Club Profile
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.
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