Sterling Capital Management LLC Sells 7,277 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Sterling Capital Management LLC lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,063 shares of the company’s stock after selling 7,277 shares during the quarter. Sterling Capital Management LLC’s holdings in BJ’s Wholesale Club were worth $6,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings 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 last quarter. Norges Bank bought a new position in BJ’s Wholesale Club during the fourth quarter valued at approximately $151,765,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in BJ’s Wholesale Club during the 3rd quarter valued at approximately $110,523,000. State Street Corp grew its holdings 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 buying an additional 1,028,779 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings 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 buying an additional 809,890 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BJ shares. Bank of America started coverage on BJ’s Wholesale Club in a report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. UBS Group restated a “buy” rating and issued a $109.00 price target on shares of BJ’s Wholesale Club in a research report on Tuesday, May 26th. DA Davidson upped their price target 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, Citigroup decreased their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Hold” and a consensus price target of $105.27.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 8,000 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total transaction of $728,160.00. Following the completion of the transaction, the chief executive officer directly owned 306,330 shares of the company’s stock, valued at $27,882,156.60. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a 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 business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total transaction of $186,939.50. Following the transaction, the senior vice president owned 14,769 shares in the company, valued at $1,346,785.11. This trade represents a 12.19% decrease in their position. 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 sold 26,550 shares of company stock valued at $2,435,904 over the last three months. 1.10% of the stock is owned by company insiders.

BJ’s Wholesale Club Trading Up 2.7%

Shares of BJ stock opened at $88.64 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $83.21 and a 1 year high of $115.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.18. The stock’s 50 day simple moving average is $90.84 and its two-hundred day simple moving average is $93.83. The company has a market cap of $11.32 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 3.31 and a beta of 0.23.

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