Bank of New York Mellon Corp Buys Shares of 2,059,727 BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Bank of New York Mellon acquired 2.06 million BJ’s Wholesale Club shares worth approximately $179.6 million, representing a 1.61% stake. Institutional investors collectively own 98.6% of the company.
• BJ’s reported a strong quarter, with earnings of $1.36 per share beating estimates of $1.17 and revenue of $6.23 billion exceeding the $5.97 billion consensus; revenue rose 15.7% year over year.
• Management set fiscal 2026 earnings guidance at $4.60–$4.80 per share. Analysts maintain a consensus “Hold” rating with an average price target of $105.33, while recent insider transactions involved sales by the CEO and an executive vice president.

Bank of New York Mellon Corp purchased a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,059,727 shares of the company's stock, valued at approximately $179,649,000. Bank of New York Mellon Corp owned approximately 1.61% of BJ's Wholesale Club at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BJ. Focus Partners Advisor Solutions LLC acquired a new position in BJ's Wholesale Club during the 2nd quarter valued at about $666,000. GSA Capital Partners LLP acquired a new stake in BJ's Wholesale Club in the second quarter worth about $2,001,000. Fulton Bank N.A. grew its stake in shares of BJ's Wholesale Club by 9.1% during the second quarter. Fulton Bank N.A. now owns 7,115 shares of the company's stock worth $621,000 after acquiring an additional 591 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of BJ's Wholesale Club during the second quarter worth about $301,000. Finally, Avity Investment Management Inc. increased its holdings in shares of BJ's Wholesale Club by 33.6% during the second quarter. Avity Investment Management Inc. now owns 110,040 shares of the company's stock valued at $9,598,000 after acquiring an additional 27,698 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 5.8%

NYSE:BJ opened at $96.61 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.18. The company's fifty day moving average price is $91.50 and its 200-day moving average price is $93.77. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $83.21 and a 1-year high of $105.78. The firm has a market capitalization of $12.34 billion, a P/E ratio of 21.14, a PEG ratio of 3.42 and a beta of 0.21.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Friday, August 21st. The company reported $1.36 EPS for the quarter, beating the consensus estimate 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 26.67%. The firm's revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. BJ's Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 4.68 EPS for the current year.

Trending Headlines about BJ's Wholesale Club

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

• Positive Sentiment: Quarterly results beat estimates. BJ reported adjusted earnings of $1.36 per share versus the $1.17 consensus estimate, while revenue reached $6.23 billion compared with expectations of $5.97 billion. Earnings rose from $1.14 per share a year earlier, and revenue increased approximately 15.7% year over year. BJ’s Wholesale Club Announces Second Quarter Fiscal 2026 Results
• Positive Sentiment: Management raised fiscal 2026 earnings guidance. BJ now expects earnings per share of $4.60 to $4.80, above the prior consensus estimate of approximately $4.59. The improved outlook reinforces investor confidence in the company’s earnings momentum. BJ’s Wholesale Club tops Q2 expectations, raises earnings outlook
• Positive Sentiment: Value positioning is attracting shoppers. CEO Bob Eddy cited BJ’s value proposition at its gas stations and clubs as a major driver of results. Strong comparable sales, membership-fee income and membership momentum indicate that BJ is benefiting from demand among budget-conscious consumers. BJ’s CEO discusses value at the pump
• Neutral Sentiment: BJ continues expanding its store footprint, including a proposed Tyler, Texas location expected to create up to 150 jobs and plans advancing in New Hartford, New York. These projects could support longer-term growth but are unlikely to materially affect near-term earnings. BJ’s Wholesale Club Tyler location
• Negative Sentiment: Chief Commercial Officer Paul Cichocki’s retirement introduces a management-transition consideration, although the announcement did not indicate an immediate operational disruption. BJ’s Wholesale Club financial results and CCO retirement

Insider Transactions at BJ's Wholesale Club

In related news, EVP Scott Schmadeke sold 16,500 shares of BJ's Wholesale Club stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 73,016 shares of the business'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 of the company's stock, valued at $28,238,646.60. The trade was 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

BJ has been the topic of several research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of BJ's Wholesale Club in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price target on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the stock a "neutral" rating in a report on Tuesday, May 26th. Gordon Haskett upgraded shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research note on Wednesday, July 29th. Bank of America initiated coverage on shares of 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. Finally, UBS Group reissued a "buy" rating on shares of BJ's Wholesale Club in a research report on Monday, August 17th. Ten investment 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, BJ's Wholesale Club has an average 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.

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