Diversify Advisory Services LLC Buys New Shares in BJ’s Wholesale Club Holdings, Inc. $BJ

Diversify Advisory Services LLC acquired a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 30,840 shares of the company’s stock, valued at approximately $2,921,000.

A number of other large investors have also recently made changes to their positions in BJ. Victory Capital Management Inc. grew its holdings in BJ’s Wholesale Club by 57.2% during the 4th quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock worth $1,164,114,000 after acquiring an additional 4,704,423 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at $1,087,503,000. Franklin Resources Inc. raised its holdings in shares of BJ’s Wholesale Club by 12.8% in the 4th quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company’s stock valued at $586,513,000 after purchasing an additional 737,130 shares in the last quarter. State Street Corp raised its holdings in shares of BJ’s Wholesale Club by 7.7% in the 4th quarter. State Street Corp now owns 5,471,805 shares of the company’s stock valued at $492,627,000 after purchasing an additional 389,327 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of BJ’s Wholesale Club by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 3,452,562 shares of the company’s stock worth $310,834,000 after purchasing an additional 179,723 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BJ. Bank of America started coverage on BJ’s Wholesale Club in a report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 price objective on the stock. UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BJ’s Wholesale Club in a report on Friday. Finally, Citigroup dropped their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Hold” and a consensus price target of $105.33.

BJ’s Wholesale Club Stock Down 1.6%

BJ opened at $92.88 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $83.21 and a 52 week high of $107.62. The business has a 50 day moving average price of $91.40 and a two-hundred day moving average price of $93.75. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.86 billion, a PE ratio of 21.35, a P/E/G ratio of 3.48 and a beta of 0.21.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 4.56 EPS for the current year.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 73,016 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $100.02, for a total value of $7,303,060.32. Following the completion of the transaction, the chief executive officer directly owned 282,330 shares of the company’s stock, valued at $28,238,646.60. This trade represents a 20.55% decrease in their position. 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, EVP Scott Schmadeke sold 16,500 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total value of $1,520,805.00. Following the completion of the transaction, the executive vice president owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. This represents a 44.63% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

BJ’s Wholesale Club 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.