BJ’s Wholesale Club (NYSE:BJ) Reaches New 52-Week High – What’s Next?

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s share price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $112.60 and last traded at $111.1670, with a volume of 250 shares trading hands. The stock had previously closed at $110.90.

More BJ’s Wholesale Club News

Here are the key news stories impacting BJ’s Wholesale Club this week:

• Positive Sentiment: BJ’s plans to open its second Kentucky club in Frankfort on November 13, adding to its store network. Article: BJ’s Wholesale Club To Open 2nd KY Location In Frankfort Nov. 13
• Positive Sentiment: A planning board granted preliminary site-plan approval for a proposed BJ’s club in New Hartford, New York, advancing another potential location. Article: New Hartford Planning Board grants preliminary site plan approval to BJ’s Wholesale Club
• Neutral Sentiment: EVP Laura Felice sold 10,000 shares for about $1.1 million under a pre-arranged Rule 10b5-1 plan. She retained 84,416 shares, which makes the sale a limited signal about the company’s outlook. Article: Insider Selling: BJ’s Wholesale Club EVP Sells $1,105,300 in Stock
• Negative Sentiment: Citigroup downgraded BJ from Buy to Neutral, saying investor optimism is already reflected in the shares. Citi raised its price target to $113 from $111, but the downgrade may temper enthusiasm after the stock’s recent strength. Article: Citi downgrades BJ’s Wholesale, says optimism already priced in
• Negative Sentiment: A public hearing on a proposed BJ’s development in Branford will continue, leaving the project’s approval unresolved and potentially extending the timeline. Article: Branford to continue public hearing on proposed BJ’s development

Analyst Ratings Changes

Several research firms recently commented on BJ. Roth Capital reaffirmed a “neutral” rating and set a $97.00 target price on shares of BJ’s Wholesale Club in a research note on Monday, August 24th. Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Wednesday, July 29th. DA Davidson set a $108.00 target price on shares of BJ’s Wholesale Club in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 14th. Finally, William Blair lowered BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $106.19.

BJ’s Wholesale Club Price Performance

The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 3.25 and a beta of 0.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.19. The stock has a 50 day moving average price of $98.07 and a two-hundred day moving average price of $94.92.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.19. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.70 EPS for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 172,184 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $102.19, for a total transaction of $17,595,482.96. Following the transaction, the chief executive officer owned 266,330 shares in the company, valued at $27,216,262.70. This trade represents a 39.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 BJ’s Wholesale Club stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total value of $144,975.00. Following the completion of the transaction, the senior vice president directly owned 13,269 shares of the company’s stock, valued at approximately $1,282,448.85. This trade represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 228,436 shares of company stock worth $23,343,836. Company insiders own 1.10% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BJ. BlackRock Inc. acquired a new stake in shares of BJ’s Wholesale Club in the second quarter valued at about $1,087,503,000. Wellington Management Group LLP raised its stake in BJ’s Wholesale Club by 15.4% during the 2nd quarter. Wellington Management Group LLP now owns 3,282,291 shares of the company’s stock valued at $286,281,000 after purchasing an additional 436,827 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of BJ’s Wholesale Club during the 2nd quarter worth about $179,649,000. Bank of America Corp DE bought a new stake in shares of BJ’s Wholesale Club during the second quarter worth $108,684,000. Finally, Amundi raised its stake in shares of BJ’s Wholesale Club by 31.7% in the 2nd quarter. Amundi now owns 1,122,060 shares of the company’s stock valued at $97,866,000 after purchasing an additional 270,253 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc operates membership-based warehouse clubs in the United States. The company sells a wide selection of groceries, fresh foods, household essentials, electronics, furniture, appliances, apparel, health and beauty products, and other general merchandise. Its business model is built around offering products in bulk and at discounted prices to members.

BJ’s also operates gas stations at many of its warehouse clubs and provides services such as optical centers, tire centers, home improvement services, and online grocery fulfillment in select locations.