Maven Securities LTD acquired a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,924 shares of the company’s stock, valued at approximately $3,221,000.
Several other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of BJ’s Wholesale Club by 59.6% in the 2nd quarter. NewEdge Advisors LLC now owns 7,459 shares of the company’s stock valued at $651,000 after purchasing an additional 2,786 shares during the period. IFP Advisors Inc grew its position in BJ’s Wholesale Club by 6.5% during the second quarter. IFP Advisors Inc now owns 10,502 shares of the company’s stock valued at $916,000 after buying an additional 642 shares during the period. Squarepoint Ops LLC grew its position in BJ’s Wholesale Club by 65.9% during the second quarter. Squarepoint Ops LLC now owns 363,030 shares of the company’s stock valued at $31,663,000 after buying an additional 144,197 shares during the period. Allworth Financial LP increased its holdings in BJ’s Wholesale Club by 149.4% in the second quarter. Allworth Financial LP now owns 3,754 shares of the company’s stock valued at $327,000 after buying an additional 2,249 shares in the last quarter. Finally, Nykredit A S purchased a new position in BJ’s Wholesale Club in the second quarter valued at $465,000. 98.60% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at BJ’s Wholesale Club
In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 73,016 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $100.02, for a total value of $7,303,060.32. Following the transaction, the chief executive officer owned 282,330 shares in the company, valued at approximately $28,238,646.60. This trade represents a 20.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 1,500 shares of the company’s stock in a transaction 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 sale, 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. Over the last three months, insiders sold 79,416 shares of company stock valued at $7,938,084. 1.10% of the stock is owned by corporate insiders.
BJ’s Wholesale Club Trading Down 3.7%
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last posted its quarterly earnings data on Friday, August 21st. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.17 by $0.19. The company had revenue of $6.23 billion during 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%.BJ’s Wholesale Club’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.69 EPS for the current fiscal year.
Wall Street Analyst Weigh In
BJ has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 14th. Wall Street Zen raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. The Goldman Sachs Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, August 24th. JPMorgan Chase & Co. upped their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Finally, DA Davidson increased their target price on BJ’s Wholesale Club from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.06.
Get 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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