Quantinno Capital Management LP raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 57.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,790 shares of the company’s stock after purchasing an additional 35,068 shares during the period. Quantinno Capital Management LP’s holdings in BJ’s Wholesale Club were worth $9,428,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of BJ’s Wholesale Club by 57.2% during the 4th quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock worth $1,164,114,000 after buying an additional 4,704,423 shares during the last quarter. Norges Bank purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $151,765,000. State Street Corp raised its stake 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 acquiring an additional 1,028,779 shares in the last quarter. Wellington Management Group LLP raised its stake 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 acquiring an additional 809,890 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in BJ’s Wholesale Club by 12.8% in the fourth quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company’s stock valued at $586,513,000 after acquiring an additional 737,130 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BJ has been the subject of several research analyst reports. Citigroup decreased their price objective on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Wednesday, July 8th. Bank of America started coverage on BJ’s Wholesale Club in a report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 target price for the company. JPMorgan Chase & Co. upped their target price 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. Finally, UBS Group restated a “buy” rating and set a $109.00 price target on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.93.
BJ’s Wholesale Club Stock Down 0.4%
BJ stock opened at $96.71 on Wednesday. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 3.62 and a beta of 0.21. The company has a fifty day moving average price of $90.05 and a 200 day moving average price of $93.74. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.18. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $83.21 and a 12 month high of $110.71.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last issued its quarterly earnings data on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.44 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. BJ’s Wholesale Club’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. 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 year.
Insider Activity
In related news, EVP Scott Schmadeke sold 16,500 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total value of $1,520,805.00. Following the transaction, the executive vice president owned 20,471 shares in the company, valued at $1,886,812.07. The trade was a 44.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 73,016 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total value of $7,303,060.32. Following the sale, the chief executive officer directly owned 282,330 shares of the company’s stock, valued at approximately $28,238,646.60. This represents a 20.55% 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. 1.10% of the stock is currently owned by corporate insiders.
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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