Cibc World Market Inc. Acquires New Shares in BJ’s Wholesale Club Holdings, Inc. $BJ

Cibc World Market Inc. acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 136,467 shares of the company’s stock, valued at approximately $12,286,000.

Several other hedge funds also recently modified their holdings of BJ. Victory Capital Management Inc. lifted its holdings in BJ’s Wholesale Club by 60.1% during the 3rd quarter. Victory Capital Management Inc. now owns 8,225,865 shares of the company’s stock worth $768,716,000 after buying an additional 3,087,151 shares during the period. Norges Bank acquired a new position in BJ’s Wholesale Club during the 4th quarter worth about $151,765,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in BJ’s Wholesale Club during the 3rd quarter worth about $110,523,000. State Street Corp lifted its holdings in BJ’s Wholesale Club by 25.4% during the 3rd quarter. State Street Corp now owns 5,082,478 shares of the company’s stock worth $473,941,000 after buying an additional 1,028,779 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in BJ’s Wholesale Club by 32.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,272,839 shares of the company’s stock worth $305,192,000 after buying an additional 809,890 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity

In other 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 value of $186,939.50. Following the completion of the transaction, the senior vice president directly owned 14,769 shares of the company’s stock, valued at approximately $1,346,785.11. This trade represents a 12.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 306,330 shares of the company’s stock, valued at $27,882,156.60. The trade was a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the topic of several recent research reports. Evercore reaffirmed a “positive” rating on shares of BJ’s Wholesale Club in a report on Thursday, March 5th. UBS Group reaffirmed a “buy” rating and set a $109.00 target price on shares of BJ’s Wholesale Club in a report on Tuesday, May 26th. Citigroup cut their target price on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Bank of America initiated coverage on BJ’s Wholesale Club in a report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and a consensus target price of $105.27.

Get Our Latest Stock Analysis on BJ

BJ’s Wholesale Club Stock Performance

BJ stock opened at $89.22 on Friday. The stock has a 50-day moving average price of $93.05 and a 200-day moving average price of $94.08. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $83.65 and a 1-year high of $115.43. 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 firm has a market cap of $11.39 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 3.32 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last posted its quarterly earnings data on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company posted $1.14 EPS. The business’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. As a group, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.51 earnings per share for the current year.

BJ’s Wholesale Club Profile

(Free Report)

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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Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ’s Wholesale Club Holdings, Inc. (NYSE:BJFree Report).

Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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