Elevation Point Wealth Partners LLC Takes Position in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Elevation Point Wealth Partners acquired 11,218 BJ’s Wholesale Club shares worth approximately $978,000 in the second quarter. Institutional investors and hedge funds collectively own 98.6% of the company.
• BJ’s reported stronger-than-expected second-quarter results, with EPS of $1.36 versus the $1.17 consensus and revenue of $6.23 billion, up 15.7% year over year. Management raised fiscal 2026 EPS guidance to $4.60–$4.80.
• Analyst sentiment is mixed but improving: several firms raised price targets and maintained Buy ratings, while the overall consensus remains Hold with a $106.06 target. Insider selling and concerns about valuation, free cash flow and expansion spending could limit further gains.

Elevation Point Wealth Partners LLC purchased a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,218 shares of the company's stock, valued at approximately $978,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commerce Bank purchased a new position in shares of BJ's Wholesale Club in the 2nd quarter valued at $278,000. Northwestern Mutual Wealth Management Co. acquired a new stake in BJ's Wholesale Club in the 2nd quarter valued at $210,000. Quantbot Technologies LP purchased a new position in BJ's Wholesale Club in the second quarter valued at about $28,000. Evolve Private Wealth LLC acquired a new position in shares of BJ's Wholesale Club during the second quarter worth about $208,000. Finally, Martin & Co. Inc. TN purchased a new stake in shares of BJ's Wholesale Club in the second quarter worth about $3,621,000. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group reiterated a "buy" rating on shares of BJ's Wholesale Club in a report on Monday. Citigroup boosted their target price on shares of BJ's Wholesale Club from $100.00 to $111.00 and gave the stock a "buy" rating in a research report on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of BJ's Wholesale Club in a report on Wednesday, July 8th. DA Davidson lifted their price target on shares of BJ's Wholesale Club from $105.00 to $108.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BJ's Wholesale Club in a report on Friday, August 14th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $106.06.

Key Stories Impacting BJ's Wholesale Club

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 Activity

In related news, CEO Robert W. Eddy sold 73,016 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the firm's stock in a transaction dated 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 $1,886,812.07. This represents a 44.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

BJ's Wholesale Club Stock Up 2.0%

Shares of BJ's Wholesale Club stock opened at $98.38 on Tuesday. The business has a 50-day moving average price of $91.67 and a 200 day moving average price of $93.80. 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 has a market cap of $12.56 billion, a P/E ratio of 21.53, a P/E/G ratio of 3.30 and a beta of 0.21. 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 (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, topping analysts' consensus estimates 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 company had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.97 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The firm's 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, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 4.68 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source