Sei Investments Co. Increases Stake in BJ's Wholesale Club Holdings, Inc. $BJ

Key Points

• Sei Investments increased its BJ’s Wholesale Club stake by 19.6% in the first quarter, bringing its holdings to 396,598 shares valued at approximately $39.0 million. Institutional investors collectively own 98.6% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $105.27. Ratings range from Buy to Sell, while individual targets span $98 to $110.
• BJ’s shares opened at $92.85, near the middle of their 52-week range. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.10 EPS and $5.66 billion in revenue, up 9.9% year over year.

Sei Investments Co. raised its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 19.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 396,598 shares of the company's stock after acquiring an additional 64,942 shares during the period. Sei Investments Co. owned approximately 0.31% of BJ's Wholesale Club worth $39,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BJ. BOK Financial Private Wealth Inc. acquired a new stake in BJ's Wholesale Club in the fourth quarter valued at about $25,000. Strive Financial Group LLC purchased a new stake in BJ's Wholesale Club in the 4th quarter valued at approximately $25,000. Parkside Financial Bank & Trust increased its position in BJ's Wholesale Club by 147.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company's stock worth $26,000 after purchasing an additional 173 shares during the period. Sunbelt Securities Inc. acquired a new position in BJ's Wholesale Club during the 3rd quarter worth approximately $34,000. Finally, Leonteq Securities AG purchased a new position in shares of BJ's Wholesale Club during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

Insider Buying and Selling at BJ's Wholesale Club

In other news, EVP Scott Schmadeke sold 16,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The shares were 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 of the company's stock, valued at $1,886,812.07. This trade represents a 44.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BJ. UBS Group restated a "buy" rating and issued a $109.00 price target on shares of BJ's Wholesale Club in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of BJ's Wholesale Club in a research note on Wednesday, July 8th. Citigroup cut their price target on shares of BJ's Wholesale Club from $118.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 26th. Finally, Bank of America assumed coverage on shares of BJ's Wholesale Club in a research note on Wednesday, May 20th. They issued a "neutral" rating and a $110.00 price objective for the company. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $105.27.

BJ's Wholesale Club Trading Down 0.1%

Shares of BJ stock opened at $92.85 on Monday. The stock has a market cap of $11.86 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.46 and a beta of 0.22. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $110.92. The business has a fifty day simple moving average of $89.25 and a 200-day simple moving average of $93.46.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Friday, May 22nd. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.06. The firm had revenue of $5.66 billion for the quarter, compared to analysts' expectations of $5.44 billion. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The firm's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 EPS. BJ's Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 4.51 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.

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.