Focus Partners Advisor Solutions LLC purchased a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 7,640 shares of the company’s stock, valued at approximately $666,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BJ. Ossiam purchased a new position in shares of BJ’s Wholesale Club during the second quarter worth approximately $100,000. Daiwa Securities Group Inc. raised its stake in shares of BJ’s Wholesale Club by 81.0% during the second quarter. Daiwa Securities Group Inc. now owns 6,824 shares of the company’s stock valued at $736,000 after acquiring an additional 3,054 shares in the last quarter. AXA S.A. purchased a new stake in shares of BJ’s Wholesale Club in the second quarter valued at approximately $1,094,000. Sei Investments Co. boosted its holdings in shares of BJ’s Wholesale Club by 31.5% in the second quarter. Sei Investments Co. now owns 276,115 shares of the company’s stock valued at $29,773,000 after purchasing an additional 66,204 shares during the period. Finally, BNP Paribas purchased a new stake in shares of BJ’s Wholesale Club in the second quarter valued at approximately $105,000. Institutional investors own 98.60% of the company’s stock.
Insider Buying and Selling at BJ’s Wholesale Club
In other news, EVP Scott Schmadeke sold 16,500 shares of BJ’s Wholesale Club stock in a transaction on 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 directly owned 20,471 shares in the company, valued at approximately $1,886,812.07. This trade represents a 44.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 73,016 shares of BJ’s Wholesale Club stock in a transaction 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 completion of the transaction, the chief executive officer owned 282,330 shares in the company, valued at $28,238,646.60. This represents a 20.55% 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 company insiders.
BJ’s Wholesale Club Price Performance
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, beating the consensus estimate of $1.04 by $0.06. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates 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 was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. 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 price objective on the stock. JPMorgan Chase & Co. upped their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BJ’s Wholesale Club in a research report on Friday. UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday. Finally, Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $105.93.
View Our Latest Stock Analysis on BJ
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.
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