Corient Private Wealth LP Buys Shares of 15,653 BJ’s Wholesale Club Holdings, Inc. $BJ

Corient Private Wealth LP bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,653 shares of the company’s stock, valued at approximately $1,365,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BJ. Focus Partners Wealth lifted its stake in shares of BJ’s Wholesale Club by 6.2% during the 4th quarter. Focus Partners Wealth now owns 517,731 shares of the company’s stock worth $47,256,000 after purchasing an additional 30,095 shares during the period. Sei Investments Co. increased its stake in BJ’s Wholesale Club by 19.6% in the first quarter. Sei Investments Co. now owns 396,598 shares of the company’s stock valued at $39,033,000 after purchasing an additional 64,942 shares during the last quarter. Entropy Technologies LP acquired a new position in BJ’s Wholesale Club in the first quarter valued at $1,135,000. Reinhart Partners LLC. lifted its position in BJ’s Wholesale Club by 30.7% during the fourth quarter. Reinhart Partners LLC. now owns 54,452 shares of the company’s stock worth $4,902,000 after buying an additional 12,784 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in BJ’s Wholesale Club during the second quarter worth about $27,242,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Joseph Mcgrail sold 1,500 shares of the 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 owned 13,269 shares of the company’s stock, valued at approximately $1,282,448.85. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert Eddy sold 73,016 shares of the company’s stock in a transaction that occurred 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 directly owned 282,330 shares in the company, valued at approximately $28,238,646.60. The trade was a 20.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 95,916 shares of company stock worth $9,458,889 in the last 90 days. 1.10% of the stock is owned by company insiders.

BJ’s Wholesale Club Trading Up 0.0%

Shares of BJ stock opened at $93.20 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $105.78. The firm’s 50 day moving average price is $92.69 and its two-hundred day moving average price is $93.36. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.74 and a beta of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.19. BJ’s Wholesale Club had a return on equity of 27.40% and a net margin of 2.64%.The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the prior year, the firm earned $1.14 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 4.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on BJ shares. 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 report on Tuesday, May 26th. Wall Street Zen upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. William Blair cut shares of BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings upgraded shares of BJ’s Wholesale Club from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 14th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.06.

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.