Royal Bank of Canada Cuts Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Royal Bank of Canada reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 56.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,383 shares of the company’s stock after selling 372,046 shares during the period. Royal Bank of Canada’s holdings in BJ’s Wholesale Club were worth $27,989,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BJ. BOK Financial Private Wealth Inc. acquired a new position in BJ’s Wholesale Club during the fourth quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $25,000. Parkside Financial Bank & Trust boosted 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. purchased a new stake in BJ’s Wholesale Club during the 3rd quarter worth $34,000. Finally, Leonteq Securities AG acquired a new stake in BJ’s Wholesale Club in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Gordon Haskett upgraded 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. UBS Group reiterated a “buy” rating and set a $109.00 target price on shares of BJ’s Wholesale Club in a report on Tuesday, May 26th. Citigroup dropped their target price on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $105.93.

BJ’s Wholesale Club Price Performance

BJ opened at $96.71 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $83.21 and a twelve month high of $110.71. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.62 and a beta of 0.21. The company has a current ratio of 0.73, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $90.05 and a 200 day simple moving average of $93.74.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP Scott Schmadeke sold 16,500 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total value of $1,520,805.00. Following the completion of the transaction, the executive vice president owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. This represents a 44.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert W. Eddy sold 73,016 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total value of $7,303,060.32. Following the sale, the chief executive officer owned 282,330 shares of the company’s stock, valued at approximately $28,238,646.60. This trade represents a 20.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by 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.