Wellington Management Group LLP grew its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 15.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,282,291 shares of the company’s stock after buying an additional 436,827 shares during the quarter. Wellington Management Group LLP’s holdings in BJ’s Wholesale Club were worth $286,281,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. increased its holdings in shares of BJ’s Wholesale Club by 19.6% in the first quarter. Sei Investments Co. now owns 396,598 shares of the company’s stock valued at $39,033,000 after purchasing an additional 64,942 shares during the last quarter. Focus Partners Wealth boosted its stake in BJ’s Wholesale Club by 6.2% during the fourth quarter. Focus Partners Wealth now owns 517,731 shares of the company’s stock worth $47,256,000 after buying an additional 30,095 shares during the last quarter. Entropy Technologies LP purchased a new stake in BJ’s Wholesale Club in the 1st quarter valued at $1,135,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in BJ’s Wholesale Club in the 2nd quarter valued at $27,242,000. Finally, Reinhart Partners LLC. increased its stake in shares of BJ’s Wholesale Club by 30.7% in the 4th quarter. Reinhart Partners LLC. now owns 54,452 shares of the company’s stock worth $4,902,000 after acquiring an additional 12,784 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.
Insider Activity at BJ’s Wholesale Club
In other BJ’s Wholesale Club news, EVP Scott Schmadeke sold 16,500 shares of BJ’s Wholesale Club stock in a transaction dated 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 sale, the executive vice president directly owned 20,471 shares in the company, valued at $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Mcgrail sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total transaction of $144,975.00. Following the transaction, the senior vice president directly owned 13,269 shares of the company’s stock, valued at $1,282,448.85. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 95,916 shares of company stock worth $9,458,889. Company insiders own 1.10% of the company’s stock.
BJ’s Wholesale Club Price Performance
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last announced its quarterly earnings results on Friday, August 21st. The company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.17 by $0.19. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.97 billion. BJ’s Wholesale Club had a return on equity of 27.40% and a net margin of 2.64%.The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 4.69 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Wall Street Zen upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of BJ’s Wholesale Club from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 14th. Finally, Roth Capital reiterated a “neutral” rating and issued a $97.00 target price on shares of BJ’s Wholesale Club in a report on Monday, August 24th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and a consensus target price of $106.06.
View Our Latest Research Report on BJ’s Wholesale Club
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.
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