Congress Asset Management Co. Boosts Stake in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Congress Asset Management increased its BJ’s Wholesale Club stake by 4.4% in the third quarter, purchasing 15,378 additional shares and bringing its holdings to 365,865 shares worth approximately $33.7 million. Institutional investors own 98.6% of the company.
• BJ’s reported strong quarterly results, with EPS of $1.36 versus the $1.17 consensus and revenue of $6.23 billion, up 15.7% year over year. The company issued fiscal 2026 EPS guidance of $4.60–$4.80.
• Analyst sentiment remains mixed: 10 analysts rate the stock a Buy, nine a Hold and one a Sell, resulting in an overall “Hold” rating and an average price target of $106.06. Meanwhile, insiders have sold 90,416 shares worth nearly $9.0 million over the past 90 days.

Congress Asset Management Co. boosted its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,865 shares of the company's stock after purchasing an additional 15,378 shares during the quarter. Congress Asset Management Co. owned about 0.29% of BJ's Wholesale Club worth $33,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC increased its holdings in shares of BJ's Wholesale Club by 0.6% in the 4th quarter. Corient Private Wealth LLC now owns 18,491 shares of the company's stock worth $1,665,000 after buying an additional 113 shares during the last quarter. Essential Partners LLC increased its stake in BJ's Wholesale Club by 81.2% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company's stock worth $29,000 after purchasing an additional 130 shares during the period. Balefire LLC boosted its holdings in shares of BJ's Wholesale Club by 5.0% during the first quarter. Balefire LLC now owns 2,845 shares of the company's stock worth $280,000 after purchasing an additional 136 shares during the period. Elevated Capital Advisors LLC lifted its holdings in BJ's Wholesale Club by 15.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 1,050 shares of the company's stock worth $103,000 after buying an additional 142 shares during the period. Finally, Sheets Smith Wealth Management lifted its holdings in BJ's Wholesale Club by 4.5% in the 2nd quarter. Sheets Smith Wealth Management now owns 3,796 shares of the company's stock worth $331,000 after buying an additional 163 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,500 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $96.65, for a total value of $144,975.00. Following the completion of the sale, the senior vice president directly owned 13,269 shares of the company's stock, valued at $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 available at this hyperlink. Also, EVP William Werner sold 3,000 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $95.00, for a total transaction of $285,000.00. Following the sale, the executive vice president owned 50,160 shares in the company, valued at $4,765,200. The trade was a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 90,416 shares of company stock worth $8,984,844. Company insiders own 1.10% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of NYSE BJ opened at $95.75 on Wednesday. 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 company has a 50 day moving average of $93.81 and a 200 day moving average of $92.55. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $83.21 and a twelve month high of $105.78. The firm has a market cap of $12.09 billion, a P/E ratio of 20.95, a PEG ratio of 2.75 and a beta of 0.17.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.19. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.97 billion. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 27.40%. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. BJ's Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 4.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings upgraded BJ's Wholesale Club from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. William Blair lowered BJ's Wholesale Club from a "mixed" rating to a "hold" rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of BJ's Wholesale Club in a research note on Friday, August 14th. The Goldman Sachs Group reissued a "buy" rating on shares of BJ's Wholesale Club in a research report on Monday, August 24th. Finally, DA Davidson upped their price objective on shares of BJ's Wholesale Club from $105.00 to $108.00 and gave the stock a "buy" rating in a report on Monday, August 24th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BJ's Wholesale Club presently has an average rating of "Hold" and an average target price of $106.06.

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc operates a membership-based warehouse club business in the United States. Through its BJ's Wholesale Club locations, the company offers members a broad selection of products at discounted prices, including groceries, fresh foods, household essentials, electronics, appliances, furniture, apparel, health and beauty products, and seasonal merchandise.

The company also operates gasoline stations at many of its clubs and provides services such as optical, tire, and home-improvement offerings in select locations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.