Fred Alger Management LLC Raises Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Fred Alger Management LLC raised its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 16.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 93,269 shares of the company’s stock after acquiring an additional 13,068 shares during the period. Fred Alger Management LLC’s holdings in BJ’s Wholesale Club were worth $8,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC increased its holdings in shares of BJ’s Wholesale Club by 4.0% in the second quarter. ProShare Advisors LLC now owns 5,855 shares of the company’s stock worth $631,000 after buying an additional 226 shares during the period. Vise Technologies Inc. purchased a new stake in BJ’s Wholesale Club during the 2nd quarter valued at about $351,000. Geode Capital Management LLC grew its position in BJ’s Wholesale Club by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock worth $253,709,000 after acquiring an additional 29,076 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in BJ’s Wholesale Club by 7.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,928 shares of the company’s stock worth $3,658,000 after acquiring an additional 2,352 shares during the last quarter. Finally, Creative Planning increased its stake in BJ’s Wholesale Club by 5.6% in the 2nd quarter. Creative Planning now owns 16,238 shares of the company’s stock worth $1,751,000 after purchasing an additional 868 shares during the period. 98.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BJ shares. JPMorgan Chase & Co. boosted their price objective on BJ’s Wholesale Club from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. UBS Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Citigroup reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Monday, December 29th. Finally, Robert W. Baird decreased their price objective on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $107.63.

BJ’s Wholesale Club Trading Up 0.2%

Shares of BJ opened at $97.88 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $86.68 and a 1-year high of $121.10. The company has a current ratio of 0.75, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $96.42 and its 200-day moving average price is $94.23. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.38 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. BJ’s Wholesale Club had a net margin of 2.70% and a return on equity of 27.55%. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. BJ’s Wholesale Club’s revenue was up 5.6% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current 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.