BJ’s Wholesale Club (NYSE:BJ) Sets New 12-Month High – Here’s Why

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) reached a new 52-week high on Thursday. The company traded as high as $106.18 and last traded at $105.7350, with a volume of 723,900 shares traded. The stock had previously closed at $102.41.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BJ shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BJ’s Wholesale Club in a report on Friday, August 14th. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Wednesday, July 29th. Weiss Ratings raised shares of BJ’s Wholesale Club from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Citigroup boosted their price target on shares of BJ’s Wholesale Club from $100.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, August 24th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.06.

BJ’s Wholesale Club Price Performance

The stock’s 50 day moving average is $95.23 and its two-hundred day moving average is $92.93. The stock has a market capitalization of $13.36 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.13 and a beta of 0.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, August 21st. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.17 by $0.19. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 4.70 earnings per share for the current fiscal year.

Insider Activity

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,500 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total transaction of $144,975.00. Following the completion of 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Laura L. Felice sold 8,452 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $104.95, for a total value of $887,037.40. Following the transaction, the executive vice president directly owned 84,416 shares of the company’s stock, valued at approximately $8,859,459.20. This represents a 9.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 291,452 shares of company stock worth $29,541,597. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC lifted its stake in BJ’s Wholesale Club by 0.6% in the fourth quarter. Corient Private Wealth LLC now owns 18,491 shares of the company’s stock valued at $1,665,000 after buying an additional 113 shares during the last quarter. Essential Partners LLC boosted its holdings in shares of BJ’s Wholesale Club by 81.2% in the first quarter. Essential Partners LLC now owns 290 shares of the company’s stock valued at $29,000 after acquiring an additional 130 shares during the period. Balefire LLC grew its position in shares of BJ’s Wholesale Club by 5.0% during the first quarter. Balefire LLC now owns 2,845 shares of the company’s stock worth $280,000 after acquiring an additional 136 shares during the last quarter. Elevated Capital Advisors LLC grew its position in shares of BJ’s Wholesale Club by 15.6% during the first quarter. Elevated Capital Advisors LLC now owns 1,050 shares of the company’s stock worth $103,000 after acquiring an additional 142 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its position in shares of BJ’s Wholesale Club by 4.5% during the second quarter. Sheets Smith Wealth Management now owns 3,796 shares of the company’s stock worth $331,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc operates membership-based warehouse clubs in the United States. The company sells a wide selection of groceries, fresh foods, household essentials, electronics, furniture, appliances, apparel, health and beauty products, and other general merchandise. Its business model is built around offering products in bulk and at discounted prices to members.

BJ’s also operates gas stations at many of its warehouse clubs and provides services such as optical centers, tire centers, home improvement services, and online grocery fulfillment in select locations.