The Manufacturers Life Insurance Company Takes Position in BJ’s Wholesale Club Holdings, Inc. $BJ

The Manufacturers Life Insurance Company bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 90,839 shares of the company’s stock, valued at approximately $7,923,000. The Manufacturers Life Insurance Company owned about 0.07% of BJ’s Wholesale Club as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vega Investment Solutions purchased a new position in BJ’s Wholesale Club during the second quarter valued at approximately $101,000. Algert Global LLC boosted its position in BJ’s Wholesale Club by 41.7% in the 2nd quarter. Algert Global LLC now owns 91,480 shares of the company’s stock worth $7,979,000 after purchasing an additional 26,940 shares in the last quarter. Cibc World Market Inc. acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $11,992,000. Sanctuary Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $3,142,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of BJ’s Wholesale Club during the 2nd quarter valued at approximately $27,242,000. 98.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Scott Schmadeke sold 16,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total value of $1,520,805.00. Following the transaction, the executive vice president owned 20,471 shares in the company, valued at $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joseph Mcgrail sold 1,500 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total value of $144,975.00. Following the completion of the sale, the senior vice president directly owned 13,269 shares in the company, valued at $1,282,448.85. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 95,916 shares of company stock worth $9,458,889. Corporate insiders own 1.10% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ opened at $90.68 on Monday. The firm’s fifty day simple moving average is $92.11 and its two-hundred day simple moving average is $93.59. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $83.21 and a 52-week high of $105.78. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 3.05 and a beta of 0.21. The company has a quick ratio of 0.19, a current ratio of 0.73 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, August 21st. The company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.19. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 27.40%. The business 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 company earned $1.14 earnings per share. The company’s quarterly 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. Equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 4.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BJ shares. Wall Street Zen raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of BJ’s Wholesale Club from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, August 24th. JPMorgan Chase & Co. increased their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Finally, DA Davidson raised their target price on BJ’s Wholesale Club from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Hold” and an average target price of $106.06.

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.