South Dakota Investment Council Sells 7,700 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

South Dakota Investment Council decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 15.1% during the first quarter, HoldingsChannel.com reports. The firm owned 43,424 shares of the company’s stock after selling 7,700 shares during the quarter. South Dakota Investment Council’s holdings in BJ’s Wholesale Club were worth $4,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BOK Financial Private Wealth Inc. bought a new stake in BJ’s Wholesale Club during the 4th quarter valued at about $25,000. Strive Financial Group LLC bought a new position in BJ’s Wholesale Club in the 4th quarter worth about $25,000. Parkside Financial Bank & Trust grew its stake in BJ’s Wholesale Club by 147.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Sunbelt Securities Inc. bought a new position in BJ’s Wholesale Club in the 3rd quarter worth about $34,000. Finally, Leonteq Securities AG purchased a new position in shares of BJ’s Wholesale Club during the fourth quarter worth approximately $43,000. 98.60% of the stock is currently owned by institutional investors.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Scott Schmadeke sold 16,500 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 20,471 shares in the company, valued at approximately $1,886,812.07. This trade represents a 44.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday, July 8th. UBS Group restated a “buy” rating and set a $109.00 price objective on shares of BJ’s Wholesale Club in a report on Tuesday, May 26th. Citigroup decreased their target price on 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. Finally, 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 report on Wednesday. Ten equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.93.

BJ’s Wholesale Club Trading Down 1.2%

NYSE BJ opened at $98.82 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.73. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 3.73 and a beta of 0.22. The company’s 50-day simple moving average is $89.37 and its two-hundred day simple moving average is $93.68. BJ’s Wholesale Club Holdings, Inc. has a one year low of $83.21 and a one year high of $110.92.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $5.66 billion during 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 company’s quarterly 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 analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current fiscal 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.