Canada Pension Plan Investment Board Invests $2.98 Million in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Canada Pension Plan Investment Board acquired 34,200 BJ’s Wholesale Club shares worth approximately $2.98 million during the second quarter. Institutional investors collectively own 98.6% of the company.
• BJ’s reported stronger-than-expected quarterly results, with EPS of $1.36 versus the $1.17 consensus estimate and revenue of $6.23 billion, up 15.7% year over year.
• Analyst sentiment remains mixed but leans positive: the stock has an average “Hold” rating and a $106.06 target price, while insiders sold about $9.46 million in shares over the past 90 days.

Canada Pension Plan Investment Board purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 34,200 shares of the company's stock, valued at approximately $2,983,000.

Several other large investors have also made changes to their positions in BJ. BlackRock Inc. bought a new position in BJ's Wholesale Club during the second quarter valued at approximately $1,087,503,000. Victory Capital Management Inc. grew its position in BJ's Wholesale Club by 57.2% in the fourth quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company's stock worth $1,164,114,000 after acquiring an additional 4,704,423 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of BJ's Wholesale Club during the 2nd quarter worth $179,649,000. Norges Bank acquired a new position in shares of BJ's Wholesale Club during the 4th quarter worth $151,765,000. Finally, State Street Corp raised its holdings 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 valued at $473,941,000 after purchasing an additional 1,028,779 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 0.1%

Shares of BJ stock opened at $90.68 on Monday. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $83.21 and a 12 month high of $105.78. The company has a quick ratio of 0.19, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The firm has a market cap of $11.45 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.05 and a beta of 0.21. The stock has a 50 day moving average of $92.11 and a 200-day moving average of $93.59.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.19. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 27.40%. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter last year, the company posted $1.14 earnings per share. BJ's Wholesale Club's quarterly revenue was up 15.7% on a year-over-year basis. BJ's Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 4.69 EPS for the current year.

Analysts Set New Price Targets

BJ has been the subject of several analyst reports. Weiss Ratings raised shares of BJ's Wholesale Club from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday. Bank of America initiated coverage on BJ's Wholesale Club in a research report on Wednesday, May 20th. They issued a "neutral" rating and a $110.00 price target for the company. Citigroup upped their price target on BJ's Wholesale Club from $100.00 to $111.00 and gave the stock a "buy" rating in a research note on Monday, August 24th. Roth Capital reissued a "neutral" rating and set a $97.00 price objective on shares of BJ's Wholesale Club in a report on Monday, August 24th. Finally, Gordon Haskett raised BJ's Wholesale Club from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a research note on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating, nine have given 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 an average target price of $106.06.

Insider Buying and Selling at BJ's Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,500 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $96.65, for a total transaction of $144,975.00. Following the transaction, the senior vice president owned 13,269 shares in the company, valued at approximately $1,282,448.85. The trade was a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 4,900 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $100.01, for a total transaction of $490,049.00. Following the transaction, the chief executive officer directly owned 274,330 shares of the company's stock, valued at $27,435,743.30. This represents a 1.75% decrease in their position. 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. Insiders sold a total of 95,916 shares of company stock valued at $9,458,889 in the last ninety days. Company insiders own 1.10% of the company's stock.

About BJ's Wholesale Club

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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