Victory Capital Management Inc. Acquires 4,704,423 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Victory Capital Management Inc. boosted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 57.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,930,288 shares of the company’s stock after purchasing an additional 4,704,423 shares during the quarter. BJ’s Wholesale Club makes up approximately 0.7% of Victory Capital Management Inc.’s holdings, making the stock its 24th biggest position. Victory Capital Management Inc. owned 0.10% of BJ’s Wholesale Club worth $1,164,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirabella Financial Services LLP boosted its stake in BJ’s Wholesale Club by 158.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 21,167 shares of the company’s stock worth $1,970,000 after purchasing an additional 12,970 shares during the period. Fieldview Capital Management LLC bought a new position in BJ’s Wholesale Club in the 3rd quarter worth approximately $3,671,000. Amica Mutual Insurance Co. boosted its stake in BJ’s Wholesale Club by 18.9% in the 3rd quarter. Amica Mutual Insurance Co. now owns 118,540 shares of the company’s stock worth $11,054,000 after purchasing an additional 18,876 shares during the period. Congress Asset Management Co. boosted its position in shares of BJ’s Wholesale Club by 13.8% during the 4th quarter. Congress Asset Management Co. now owns 344,146 shares of the company’s stock valued at $30,983,000 after acquiring an additional 41,817 shares during the last quarter. Finally, Martin & Co. Inc. TN bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at approximately $3,644,000. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $90.95 on Friday. The firm has a 50-day moving average price of $92.33 and a 200-day moving average price of $94.07. The firm has a market capitalization of $11.61 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 3.39 and a beta of 0.23. The company has a current ratio of 0.73, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.65 and a 12-month high of $115.43.

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. The firm 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 business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 2,050 shares of the stock in a transaction 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 sale, the senior vice president owned 14,769 shares in the company, valued at $1,346,785.11. This trade represents a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of the stock in a transaction on 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 sale, the chief executive officer owned 306,330 shares in the company, valued at approximately $27,882,156.60. The trade was a 2.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,550 shares of company stock worth $2,435,905 over the last quarter. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BJ shares. UBS Group reiterated a “buy” rating and set a $109.00 target price on shares of BJ’s Wholesale Club in a research report on Tuesday, May 26th. Bank of America started coverage on BJ’s Wholesale Club in a research report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 target price for the company. Citigroup lowered 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. DA Davidson increased their target price on BJ’s Wholesale Club from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $105.27.

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.