Quantitative Investment Management LLC purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) during the second quarter, Holdings Channel reports. The firm purchased 10,520 shares of the company’s stock, valued at approximately $917,000.
Several other institutional investors also recently bought and sold shares of BJ. BOK Financial Private Wealth Inc. acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in BJ’s Wholesale Club in the 4th quarter valued at $25,000. Essential Partners LLC grew its stake in BJ’s Wholesale Club by 81.2% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock valued at $29,000 after acquiring an additional 130 shares during the period. Parkside Financial Bank & Trust increased its holdings in BJ’s Wholesale Club by 147.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in BJ’s Wholesale Club in the 2nd quarter worth $28,000. 98.60% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on BJ shares. Roth Capital reaffirmed a “neutral” rating and set a $97.00 price objective on shares of BJ’s Wholesale Club in a report on Monday, August 24th. William Blair cut shares of BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research note on Monday, August 17th. The Goldman Sachs Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 14th. Finally, Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $106.06.
BJ’s Wholesale Club Trading Up 1.0%
Shares of BJ stock opened at $91.56 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $105.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.19 and a current ratio of 0.73. The stock’s fifty day moving average is $92.36 and its two-hundred day moving average is $93.49. The firm has a market capitalization of $11.57 billion, a P/E ratio of 20.04, a PEG ratio of 2.67 and a beta of 0.21.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last released its earnings results on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.19. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 27.40%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.69 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Robert W. Eddy sold 73,016 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the completion of the sale, the chief executive officer owned 282,330 shares of the company’s stock, valued at approximately $28,238,646.60. This represents a 20.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $96.65, for a total transaction of $144,975.00. Following the completion of the sale, the senior vice president owned 13,269 shares of the company’s stock, valued at approximately $1,282,448.85. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 95,916 shares of company stock worth $9,458,889. 1.10% of the stock is owned by insiders.
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.
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