M&T Bank Corp Increases Holdings in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• M&T Bank Corp boosted its stake in BJ's by 224.1% in Q4, adding 19,017 shares to hold 27,502 shares valued at about $2.476 million.
• CEO Robert W. Eddy sold 8,000 shares at an average price of $91.02 and SVP Joseph McGrail sold 2,050 shares at $91.19 on April 15 under pre-arranged Rule 10b5-1 plans; corporate insiders now own about 1.40% of the stock.
• Analysts are split (9 Buy, 9 Hold, 1 Sell) with a consensus "Hold" rating and a $107.63 price target; BJ's reported Q4 EPS of $0.96, revenue of $5.58 billion, and set FY2026 guidance of $4.40–$4.60 EPS.

M&T Bank Corp increased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 224.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,502 shares of the company's stock after purchasing an additional 19,017 shares during the period. M&T Bank Corp's holdings in BJ's Wholesale Club were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Davis Capital Management acquired a new position in BJ's Wholesale Club in the 3rd quarter worth $28,000. Eastern Bank acquired a new position in BJ's Wholesale Club in the 3rd quarter worth $29,000. Root Financial Partners LLC acquired a new position in BJ's Wholesale Club in the 3rd quarter worth $29,000. Sunbelt Securities Inc. acquired a new position in BJ's Wholesale Club in the 3rd quarter worth $34,000. Finally, Blue Trust Inc. lifted its holdings in BJ's Wholesale Club by 42.9% in the 4th quarter. Blue Trust Inc. now owns 713 shares of the company's stock worth $64,000 after buying an additional 214 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on BJ shares. The Goldman Sachs Group cut their price objective on shares of BJ's Wholesale Club from $139.00 to $123.00 and set a "buy" rating on the stock in a report on Monday, February 2nd. Jefferies Financial Group lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and cut their price objective for the stock from $120.00 to $90.00 in a report on Wednesday, January 28th. Citigroup reiterated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, February 20th. DA Davidson upped their target price on shares of BJ's Wholesale Club from $110.00 to $114.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Finally, Evercore restated a "positive" rating on shares of BJ's Wholesale Club in a research note on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BJ's Wholesale Club has an average rating of "Hold" and a consensus price target of $107.63.

Insider Transactions at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 8,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total transaction of $728,160.00. Following the sale, the chief executive officer owned 306,330 shares in the company, valued at $27,882,156.60. This represents a 2.55% 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, SVP Joseph Mcgrail sold 2,050 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.19, for a total transaction of $186,939.50. Following the sale, the senior vice president owned 14,769 shares in the company, valued at approximately $1,346,785.11. This trade represents a 12.19% 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. Corporate insiders own 1.40% of the company's stock.

BJ's Wholesale Club Stock Performance

Shares of BJ's Wholesale Club stock opened at $92.92 on Tuesday. The firm has a market cap of $12.05 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 3.26 and a beta of 0.33. The firm's 50-day simple moving average is $96.51 and its 200-day simple moving average is $94.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.75. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $86.68 and a 1 year high of $120.33.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, March 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.54 billion. BJ's Wholesale Club had a net margin of 2.70% and a return on equity of 27.55%. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. BJ's Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

BJ's Wholesale Club 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.

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.