Geode Capital Management LLC Buys 49,607 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Geode Capital Management LLC increased its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,069,753 shares of the company’s stock after acquiring an additional 49,607 shares during the quarter. Geode Capital Management LLC’s holdings in BJ’s Wholesale Club were worth $276,417,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in shares of BJ’s Wholesale Club by 60.1% in the 3rd quarter. Victory Capital Management Inc. now owns 8,225,865 shares of the company’s stock valued at $768,716,000 after acquiring an additional 3,087,151 shares in the last quarter. Franklin Resources Inc. increased its stake in BJ’s Wholesale Club by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 5,777,512 shares of the company’s stock valued at $538,753,000 after purchasing an additional 65,159 shares in the last quarter. State Street Corp increased its stake in BJ’s Wholesale Club by 25.4% during the 3rd quarter. State Street Corp now owns 5,082,478 shares of the company’s stock valued at $473,941,000 after purchasing an additional 1,028,779 shares in the last quarter. Wellington Management Group LLP increased its stake in BJ’s Wholesale Club by 32.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,272,839 shares of the company’s stock valued at $305,192,000 after purchasing an additional 809,890 shares in the last quarter. Finally, Select Equity Group L.P. increased its stake in BJ’s Wholesale Club by 38.6% during the 2nd quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock valued at $260,028,000 after purchasing an additional 672,122 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 8,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.02, for a total value of $728,160.00. Following the sale, the chief executive officer directly owned 306,330 shares in the company, valued at approximately $27,882,156.60. The trade was a 2.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total value of $186,939.50. Following the completion of the sale, the senior vice president owned 14,769 shares in the company, valued at $1,346,785.11. This represents a 12.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Wells Fargo & Company boosted their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. William Blair restated a “mixed” rating on shares of BJ’s Wholesale Club in a research note on Thursday, March 5th. UBS Group restated a “buy” rating and set a $109.00 price target on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Finally, Bank of America initiated coverage on shares of BJ’s Wholesale Club in a research note on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Hold” and a consensus target price of $105.27.

BJ’s Wholesale Club Trading Up 3.3%

Shares of BJ’s Wholesale Club stock opened at $88.11 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.65 and a 52-week high of $115.43. The stock’s 50-day simple moving average is $93.72 and its 200 day simple moving average is $94.22. The stock has a market capitalization of $11.25 billion, a P/E ratio of 20.25, a P/E/G ratio of 3.16 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.73.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the previous year, the business posted $1.14 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current 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.