Pallas Capital Advisors LLC Invests $474,000 in BJ’s Wholesale Club Holdings, Inc. $BJ

Pallas Capital Advisors LLC purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,436 shares of the company’s stock, valued at approximately $474,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BJ. Victory Capital Management Inc. raised 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 worth $1,164,114,000 after buying an additional 4,704,423 shares during the period. Bank of New York Mellon Corp acquired a new position in BJ’s Wholesale Club in the second quarter valued at about $179,649,000. Norges Bank bought a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth about $151,765,000. State Street Corp increased its holdings in shares of BJ’s Wholesale Club by 25.4% in the third 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. Finally, Wellington Management Group LLP increased its holdings in shares of BJ’s Wholesale Club by 32.9% in the third 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. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.8%

BJ’s Wholesale Club stock opened at $91.98 on Thursday. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 3.28 and a beta of 0.21. The firm has a 50-day moving average of $91.39 and a 200-day moving average of $93.76. 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 one year low of $83.21 and a one year high of $107.62.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous 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, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 73,016 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $100.02, for a total value of $7,303,060.32. Following the completion of the sale, the chief executive officer owned 282,330 shares of the company’s stock, valued at approximately $28,238,646.60. This represents a 20.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total value of $1,520,805.00. Following the completion of the sale, the executive vice president directly owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. The trade was a 44.63% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BJ has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday, July 8th. Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Wednesday, July 29th. William Blair lowered shares of BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research note on Monday. Finally, Citigroup reduced their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $105.33.

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.