Franklin Resources Inc. Raises Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Franklin Resources Inc. boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,514,642 shares of the company’s stock after purchasing an additional 737,130 shares during the period. Franklin Resources Inc.’s holdings in BJ’s Wholesale Club were worth $586,513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BJ. Mirabella Financial Services LLP raised its holdings in BJ’s Wholesale Club by 158.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 21,167 shares of the company’s stock valued at $1,970,000 after acquiring an additional 12,970 shares during the period. Fieldview Capital Management LLC purchased a new position in shares of BJ’s Wholesale Club in the third quarter valued at $3,671,000. Amica Mutual Insurance Co. raised its stake in shares of BJ’s Wholesale Club by 18.9% during the 3rd quarter. Amica Mutual Insurance Co. now owns 118,540 shares of the company’s stock valued at $11,054,000 after purchasing an additional 18,876 shares during the period. Congress Asset Management Co. lifted its holdings in BJ’s Wholesale Club by 13.8% during the 4th quarter. Congress Asset Management Co. now owns 344,146 shares of the company’s stock worth $30,983,000 after purchasing an additional 41,817 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in BJ’s Wholesale Club by 3.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 670,052 shares of the company’s stock worth $62,482,000 after purchasing an additional 25,326 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. UBS Group restated a “buy” rating and issued a $109.00 price objective on shares of BJ’s Wholesale Club in a research report on Tuesday, May 26th. Evercore reaffirmed a “positive” rating on shares of BJ’s Wholesale Club in a report on Thursday, March 5th. William Blair reiterated a “mixed” rating on shares of BJ’s Wholesale Club in a research note on Thursday, March 5th. Finally, Citigroup reduced their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Hold” and an average price target of $105.27.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 2,050 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.19, for a total transaction of $186,939.50. Following the completion of the sale, the senior vice president owned 14,769 shares of the company’s stock, valued at $1,346,785.11. The trade was a 12.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total value of $728,160.00. Following the transaction, the chief executive officer owned 306,330 shares in the company, valued at $27,882,156.60. This trade represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by insiders.

BJ’s Wholesale Club Stock Up 2.8%

Shares of NYSE BJ opened at $91.74 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $92.87 and a 200-day moving average of $94.09. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 3.32 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $83.65 and a 12 month high of $115.43.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the firm posted $1.14 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 9.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.51 earnings per share for the current fiscal 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.