Encore Global Management LP Buys New Shares in BJ’s Wholesale Club Holdings, Inc. $BJ

Encore Global Management LP bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 17,000 shares of the company’s stock, valued at approximately $1,673,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in 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 valued at $1,164,114,000 after purchasing an additional 4,704,423 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of BJ’s Wholesale Club by 12.8% during the fourth quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company’s stock worth $586,513,000 after purchasing an additional 737,130 shares during the period. State Street Corp lifted its holdings in shares of BJ’s Wholesale Club by 7.7% during the fourth quarter. State Street Corp now owns 5,471,805 shares of the company’s stock worth $492,627,000 after purchasing an additional 389,327 shares during the period. Wellington Management Group LLP boosted its position in BJ’s Wholesale Club by 5.5% in the fourth quarter. Wellington Management Group LLP now owns 3,452,562 shares of the company’s stock valued at $310,834,000 after buying an additional 179,723 shares during the last quarter. Finally, River Road Asset Management LLC boosted its position in BJ’s Wholesale Club by 9.6% in the fourth quarter. River Road Asset Management LLC now owns 3,403,710 shares of the company’s stock valued at $306,436,000 after buying an additional 297,952 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Scott Schmadeke sold 16,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the sale, the executive vice president owned 20,471 shares of the company’s stock, valued at $1,886,812.07. This trade represents a 44.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

BJ has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Bank of America began coverage on shares of BJ’s Wholesale Club in a report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 price objective on the stock. Citigroup cut their price objective on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. UBS Group reissued a “buy” rating and set a $109.00 target price on shares of BJ’s Wholesale Club in a report on Tuesday, May 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Hold” and a consensus target price of $105.27.

BJ’s Wholesale Club Stock Up 2.6%

Shares of BJ opened at $97.20 on Wednesday. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.53 and a beta of 0.22. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $83.21 and a 52 week high of $110.92. The stock’s 50-day moving average price is $89.19 and its 200-day moving average price is $93.55. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, beating 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 company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period last year, the business earned $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. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current year.

BJ’s Wholesale Club Company 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.