New York State Teachers Retirement System Trims Stock Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

New York State Teachers Retirement System decreased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 11.3% during the first quarter, HoldingsChannel reports. The fund owned 134,212 shares of the company’s stock after selling 17,164 shares during the quarter. New York State Teachers Retirement System’s holdings in BJ’s Wholesale Club were worth $13,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BJ. Elevation Point Wealth Partners LLC grew its position in shares of BJ’s Wholesale Club by 41.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 10,063 shares of the company’s stock valued at $990,000 after purchasing an additional 2,963 shares in the last quarter. Patten Group Inc. boosted its stake in BJ’s Wholesale Club by 6.7% in the 1st quarter. Patten Group Inc. now owns 13,087 shares of the company’s stock worth $1,288,000 after purchasing an additional 817 shares during the period. Fulton Bank N.A. boosted its stake in BJ’s Wholesale Club by 25.7% in the 1st quarter. Fulton Bank N.A. now owns 6,524 shares of the company’s stock worth $642,000 after purchasing an additional 1,332 shares during the period. iA Global Asset Management Inc. grew its holdings in BJ’s Wholesale Club by 13.5% during the 1st quarter. iA Global Asset Management Inc. now owns 5,919 shares of the company’s stock valued at $583,000 after buying an additional 706 shares in the last quarter. Finally, BXM Wealth LLC purchased a new position in BJ’s Wholesale Club during the 1st quarter valued at about $271,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Activity

In other news, CEO Robert W. Eddy sold 8,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.02, for a total transaction of $728,160.00. Following the transaction, the chief executive officer directly owned 306,330 shares in the company, valued at approximately $27,882,156.60. This represents a 2.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 2,050 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were 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 in the company, valued at approximately $1,346,785.11. This represents a 12.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 26,550 shares of company stock worth $2,435,904. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America initiated coverage on shares of BJ’s Wholesale Club in a report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 price target on the stock. UBS Group reaffirmed a “buy” rating and set a $109.00 target price on shares of BJ’s Wholesale Club in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised 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 report on Tuesday, May 26th. Finally, Citigroup reduced their price target on shares of 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. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $105.27.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $89.20 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.21 and a 52-week high of $110.92. The company has a fifty day moving average of $90.28 and a 200-day moving average of $93.74. The company has a market capitalization of $11.39 billion, a P/E ratio of 20.51, a P/E/G ratio of 3.32 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.73.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current fiscal year.

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.