BJ’s Wholesale Club (NYSE:BJ) Reaches New 12-Month High – Here’s What Happened
by Danessa Lincoln · The Markets DailyBJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $106.18 and last traded at $105.7350, with a volume of 723,900 shares changing hands. The stock had previously closed at $102.41.
Key BJ’s Wholesale Club News
Here are the key news stories impacting BJ’s Wholesale Club this week:
- Positive Sentiment: Free Thanksgiving turkeys may support membership loyalty. BJ’s announced the return of its annual free-turkey offer for members, a seasonal promotion that could encourage visits, reinforce the value of memberships and support holiday sales. The giveaway may also increase promotional costs, but its primary investor takeaway is customer retention and engagement. BJ’s free turkey giveaway announcement
- Positive Sentiment: Expansion continues with a new Florida club. BJ’s is scheduled to open a location in Ocala, Florida, adding warehouse capacity and potentially expanding its membership base, sales and long-term growth opportunity. BJ’s Ocala store opening
- Positive Sentiment: AI-powered shopping tools could improve digital growth. Coverage says BJ’s is using artificial intelligence to personalize shopping and improve convenience, potentially increasing online engagement, conversion and customer retention. AI-powered shopping at BJ’s
- Positive Sentiment: Earnings expectations remain a potential catalyst. Zacks identified BJ among consumer-staples stocks that could beat earnings, while separate coverage characterized the company as a long-term growth stock. These reports may bolster investor confidence ahead of results, although they are not company guidance or guaranteed forecasts. Consumer-staples earnings outlook
- Neutral Sentiment: Articles discuss changes to BJ’s holiday discounts and shopping rules. The coverage may affect customers’ perceptions of value, but it does not provide a clear near-term effect on revenue, margins or earnings. BJ’s holiday discounts
Analyst Ratings Changes
Several research firms have recently commented on BJ. Gordon Haskett upgraded shares of 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. Wall Street Zen upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. William Blair cut BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research report on Monday, August 17th. Roth Capital reissued a “neutral” rating and set a $97.00 price objective on shares of BJ’s Wholesale Club in a research report on Monday, August 24th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, August 24th. Eleven research 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’s stock. According to MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average price target of $106.06.
Check Out Our Latest Stock Analysis on BJ’s Wholesale Club
BJ’s Wholesale Club Stock Up 3.9%
The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 3.00 and a beta of 0.17. The business has a fifty day moving average of $94.72 and a 200 day moving average of $92.78. 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 – Get Free Report) last posted its earnings results on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.19. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.70 earnings per share for the current year.
Insider Buying and Selling at BJ’s Wholesale Club
In other news, EVP William C. Werner sold 3,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $95.00, for a total transaction of $285,000.00. Following the transaction, the executive vice president owned 50,160 shares in the company, valued at approximately $4,765,200. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $96.65, for a total transaction of $144,975.00. Following the transaction, the senior vice president owned 13,269 shares in the company, valued at $1,282,448.85. This represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 291,452 shares of company stock worth $29,541,597. Company insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On BJ’s Wholesale Club
Several hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC raised its holdings in BJ’s Wholesale Club by 0.6% during 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 in the last quarter. Essential Partners LLC lifted its position 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 worth $29,000 after buying an additional 130 shares during the last quarter. Balefire LLC boosted its stake in shares of BJ’s Wholesale Club by 5.0% during the 1st quarter. Balefire LLC now owns 2,845 shares of the company’s stock worth $280,000 after acquiring an additional 136 shares in the last quarter. Elevated Capital Advisors LLC boosted its stake in shares of BJ’s Wholesale Club by 15.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,050 shares of the company’s stock worth $103,000 after acquiring an additional 142 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in shares of BJ’s Wholesale Club by 4.5% during the 2nd quarter. Sheets Smith Wealth Management now owns 3,796 shares of the company’s stock worth $331,000 after acquiring an additional 163 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.
About BJ’s Wholesale Club
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.
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