Engineers Gate Manager LP Acquires 299,532 Shares of BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Engineers Gate Manager LP increased its BJ’s Wholesale Club stake by 10,728.2% in the second quarter, acquiring 299,532 shares for a total holding of 302,324 shares valued at approximately $26.4 million.
• BJ’s reported strong quarterly results, with earnings of $1.36 per share and revenue of $6.23 billion, surpassing estimates while revenue rose 15.7% year over year. The company maintained fiscal 2026 guidance of $4.60–$4.80 in EPS.
• Shares recently traded at $88.57, below the analyst consensus target of $106.06. While ratings are mixed, institutional investors own 98.6% of the stock, and company insiders sold about $7.9 million of shares during the quarter.

Engineers Gate Manager LP raised its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 10,728.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 302,324 shares of the company's stock after acquiring an additional 299,532 shares during the period. Engineers Gate Manager LP owned approximately 0.24% of BJ's Wholesale Club worth $26,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in BJ's Wholesale Club by 8,560.2% in the second quarter. California State Teachers Retirement System now owns 13,116,580 shares of the company's stock valued at $1,144,028,000 after acquiring an additional 12,965,121 shares during the period. BlackRock Inc. purchased a new position in shares of BJ's Wholesale Club during the 2nd quarter valued at about $1,087,503,000. Victory Capital Management Inc. boosted its position in shares of 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 purchasing an additional 4,704,423 shares during the period. Bank of New York Mellon Corp purchased a new stake in BJ's Wholesale Club in the 2nd quarter worth $179,649,000. Finally, Norges Bank bought a new stake in BJ's Wholesale Club during the 4th quarter valued at approximately $151,765,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 1.4%

Shares of BJ opened at $88.57 on Thursday. The stock has a market capitalization of $11.19 billion, a PE ratio of 19.38, a P/E/G ratio of 2.64 and a beta of 0.18. The company's fifty day moving average is $92.86 and its 200 day moving average is $93.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.19 and a current ratio of 0.73. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $105.78.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Friday, August 21st. The company reported $1.36 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.97 billion. During the same quarter last year, the business earned $1.14 earnings per share. BJ's Wholesale Club's quarterly 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. Sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 4.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BJ. The Goldman Sachs Group restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Monday, August 24th. Bank of America assumed coverage on shares of BJ's Wholesale Club in a report on Wednesday, May 20th. They issued a "neutral" rating and a $110.00 target price on the stock. Gordon Haskett raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research note on Wednesday, July 29th. Weiss Ratings upgraded BJ's Wholesale Club from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Finally, Wall Street Zen upgraded BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $106.06.

Insider Activity

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 73,016 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the sale, 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 1,500 shares of the firm's stock in a transaction that occurred 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. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 79,416 shares of company stock valued at $7,938,084. 1.10% of the stock is currently owned by company insiders.

BJ's Wholesale Club Company 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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