Connor Clark & Lunn Investment Management Ltd. acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 312,336 shares of the company's stock, valued at approximately $27,242,000. Connor Clark & Lunn Investment Management Ltd. owned 0.24% of BJ's Wholesale Club at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of BJ. Victory Capital Management Inc. grew its stake in BJ's Wholesale Club by 57.2% in the 4th quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company's stock valued at $1,164,114,000 after buying an additional 4,704,423 shares during the last quarter. BlackRock Inc. acquired a new stake in BJ's Wholesale Club during the second quarter worth approximately $1,087,503,000. Franklin Resources Inc. boosted its holdings in shares of BJ's Wholesale Club by 12.8% during the fourth quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company's stock worth $586,513,000 after acquiring an additional 737,130 shares during the period. State Street Corp boosted its holdings in shares of BJ's Wholesale Club by 7.7% during the fourth quarter. State Street Corp now owns 5,471,805 shares of the company's stock worth $492,627,000 after acquiring an additional 389,327 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of BJ's Wholesale Club by 5.5% in the fourth quarter. Wellington Management Group LLP now owns 3,452,562 shares of the company's stock valued at $310,834,000 after purchasing an additional 179,723 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.
Key BJ's Wholesale Club News
Here are the key news stories impacting BJ's Wholesale Club this week:
- Positive Sentiment: Q2 results exceeded expectations and guidance was raised. BJ’s reported earnings of $1.36 per share versus the $1.17 consensus estimate, while revenue reached $6.23 billion, ahead of the $5.97 billion forecast and up approximately 15.7% year over year. Record membership growth, higher traffic and strong fuel sales supported the performance. Management raised fiscal 2026 EPS guidance to $4.60-$4.80. BJ's Q2 Earnings Beat on Traffic & Membership Momentum, Outlook Raised
- Positive Sentiment: Analysts raised their price targets after the results. UBS increased its target from $109 to $115 and maintained a Buy rating, citing BJ’s relevant business model. DA Davidson also raised its target from $105 to $108 and kept a Buy rating. UBS BJ's Price Target
- Positive Sentiment: Improving fundamentals are creating a more bullish setup. Revenue growth, membership expansion, customer traffic and institutional buying have strengthened the investment case, with the cited average analyst target around $105.33. BJ’s Wholesale Club Is Turning Stronger Fundamentals Into a Bullish Setup
- Neutral Sentiment: Roth Capital reaffirmed a Neutral rating and set a $97 price target, indicating limited near-term upside based on its valuation view. Benzinga analyst coverage
- Negative Sentiment: Valuation and cash-flow risks could limit further gains. A cautious analysis maintained a Hold rating, citing weaker core merchandise growth, pressured free cash flow and increased expansion spending. The shares’ premium valuation leaves less room for execution disappointments. BJ's Wholesale Club: A Great Business At The Wrong Price
Insider Buying and Selling at BJ's Wholesale Club
In related news, EVP Scott Schmadeke sold 16,500 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 20,471 shares of the company's stock, valued at $1,886,812.07. This trade represents a 44.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 73,016 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 282,330 shares in the company, valued at $28,238,646.60. This represents a 20.55% 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. Company insiders own 1.10% of the company's stock.
BJ's Wholesale Club Price Performance
Shares of NYSE:BJ opened at $98.38 on Tuesday. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.30 and a beta of 0.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.19. The firm has a 50 day simple moving average of $91.67 and a 200 day simple moving average of $93.80. BJ's Wholesale Club Holdings, Inc. has a one year low of $83.21 and a one year high of $105.78.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Friday, August 21st. The company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.19. The firm 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 2.64% and a return on equity of 27.40%. The company's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. BJ's Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. Research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 4.68 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
BJ has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of BJ's Wholesale Club in a research note on Friday, August 14th. DA Davidson boosted their price target on BJ's Wholesale Club from $105.00 to $108.00 and gave the stock a "buy" rating in a report on Monday. Weiss Ratings restated a "hold (c)" rating on shares of BJ's Wholesale Club in a research report on Wednesday, July 8th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research note on Monday. Finally, UBS Group lifted their target price on BJ's Wholesale Club from $109.00 to $115.00 and gave the company a "buy" rating in a research report on Monday. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $106.06.
Check Out Our Latest Report on BJ's Wholesale Club
About BJ's Wholesale Club
(
Free Report)
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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