Alta Capital Management LLC Makes New Investment in BJ’s Wholesale Club Holdings, Inc. $BJ

Alta Capital Management LLC purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, HoldingsChannel reports. The fund purchased 139,522 shares of the company’s stock, valued at approximately $12,561,000. BJ’s Wholesale Club comprises 0.8% of Alta Capital Management LLC’s portfolio, making the stock its 29th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in BJ’s Wholesale Club by 60.1% during the 3rd quarter. Victory Capital Management Inc. now owns 8,225,865 shares of the company’s stock worth $768,716,000 after acquiring an additional 3,087,151 shares during the period. Franklin Resources Inc. lifted its stake in BJ’s Wholesale Club by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 5,777,512 shares of the company’s stock valued at $538,753,000 after acquiring an additional 65,159 shares during the period. State Street Corp lifted its stake in BJ’s Wholesale Club by 25.4% during the 3rd quarter. State Street Corp now owns 5,082,478 shares of the company’s stock valued at $473,941,000 after acquiring an additional 1,028,779 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in BJ’s Wholesale Club by 31.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock valued at $446,817,000 after acquiring an additional 1,152,591 shares during the period. Finally, Wellington Management Group LLP lifted its stake in BJ’s Wholesale Club by 32.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,272,839 shares of the company’s stock valued at $305,192,000 after acquiring an additional 809,890 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 0.6%

Shares of BJ opened at $96.97 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $86.68 and a 52 week high of $120.08. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 3.30 and a beta of 0.27. The stock’s 50-day moving average price is $95.23 and its 200-day moving average price is $94.33.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, March 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. BJ’s Wholesale Club had a return on equity of 27.55% and a net margin of 2.70%.The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The company’s revenue was up 5.6% 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, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

BJ has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. The Goldman Sachs Group decreased their price objective on shares of BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Jefferies Financial Group downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and lowered their target price for the stock from $120.00 to $90.00 in a research note on Wednesday, January 28th. William Blair restated a “mixed” rating on shares of BJ’s Wholesale Club in a research note on Thursday, March 5th. Finally, DA Davidson upped their target price on BJ’s Wholesale Club from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.38.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 8,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.02, for a total value of $728,160.00. Following the completion of the transaction, the chief executive officer owned 306,330 shares of the company’s stock, valued at approximately $27,882,156.60. This represents a 2.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 2,050 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.19, for a total value of $186,939.50. Following the transaction, the senior vice president directly owned 14,769 shares of the company’s stock, valued at approximately $1,346,785.11. The trade was a 12.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

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.