SummitTX Capital L.P. Takes $6.61 Million Position in BJ’s Wholesale Club Holdings, Inc. $BJ

SummitTX Capital L.P. acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the first quarter, HoldingsChannel reports. The firm acquired 67,196 shares of the company’s stock, valued at approximately $6,613,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. grew its position in BJ’s Wholesale Club by 57.2% in 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 buying an additional 4,704,423 shares in the last quarter. Norges Bank bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth about $151,765,000. State Street Corp raised its position in shares of 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 in the last quarter. Wellington Management Group LLP lifted its stake in shares of BJ’s Wholesale Club by 32.9% in 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 during the period. Finally, Franklin Resources Inc. lifted its stake in shares of BJ’s Wholesale Club by 12.8% in the 4th quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company’s stock worth $586,513,000 after acquiring an additional 737,130 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BJ. Bank of America started 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 for the company. UBS Group restated a “buy” rating and issued a $109.00 target price on shares of BJ’s Wholesale Club in a research report on Tuesday, May 26th. Citigroup decreased their price target on 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. JPMorgan Chase & Co. lifted their price target 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, Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Hold” and an average price target of $105.27.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $94.69 on Tuesday. The company has a 50-day moving average of $89.20 and a 200-day moving average of $93.49. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 3.46 and a beta of 0.22. The company has a current ratio of 0.73, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $83.21 and a twelve month high of $110.92.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue for the quarter 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. Analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Scott Schmadeke sold 16,500 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the completion of the sale, the executive vice president owned 20,471 shares in the company, valued at approximately $1,886,812.07. This represents a 44.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.