Mediolanum International Funds Ltd Boosts Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Mediolanum International Funds Ltd raised its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 31.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,104 shares of the company’s stock after acquiring an additional 33,710 shares during the quarter. Mediolanum International Funds Ltd’s holdings in BJ’s Wholesale Club were worth $13,962,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of BJ’s Wholesale Club by 57.2% during the 4th quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock valued at $1,164,114,000 after purchasing an additional 4,704,423 shares during the period. Norges Bank bought a new position in shares of BJ’s Wholesale Club in the 4th quarter worth approximately $151,765,000. State Street Corp boosted its holdings in shares of BJ’s Wholesale Club by 25.4% in the third quarter. State Street Corp now owns 5,082,478 shares of the company’s stock worth $473,941,000 after buying an additional 1,028,779 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of BJ’s Wholesale Club by 32.9% in the third quarter. Wellington Management Group LLP now owns 3,272,839 shares of the company’s stock worth $305,192,000 after buying an additional 809,890 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in BJ’s Wholesale Club by 12.8% during the fourth quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company’s stock valued at $586,513,000 after buying an additional 737,130 shares during the period. Institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BJ shares. JPMorgan Chase & Co. upped 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. Bank of America began 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 on the stock. Citigroup cut their price objective on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. UBS Group restated a “buy” rating and issued a $109.00 price objective on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Wednesday, July 8th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $105.27.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Scott Schmadeke sold 16,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were 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 directly owned 20,471 shares in the company, valued at $1,886,812.07. This represents a 44.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

BJ’s Wholesale Club Stock Up 0.0%

BJ stock opened at $93.41 on Monday. The business’s 50-day moving average price is $89.41 and its 200-day moving average price is $93.41. The stock has a market cap of $11.93 billion, a P/E ratio of 21.47, a PEG ratio of 3.48 and a beta of 0.22. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $83.21 and a twelve month high of $110.92.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the firm 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. On average, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current year.

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.