Pallas Capital Advisors LLC Buys New Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

Pallas Capital Advisors LLC purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 5,436 shares of the company’s stock, valued at approximately $474,000.

A number of other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in BJ’s Wholesale Club by 57.2% in the fourth quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock valued at $1,164,114,000 after buying an additional 4,704,423 shares during the period. Franklin Resources Inc. lifted its position in shares of BJ’s Wholesale Club by 12.8% in the fourth quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company’s stock valued at $586,513,000 after buying an additional 737,130 shares during the last quarter. State Street Corp boosted its stake in shares of BJ’s Wholesale Club by 7.7% during the 4th quarter. State Street Corp now owns 5,471,805 shares of the company’s stock worth $492,627,000 after acquiring an additional 389,327 shares during the period. Wellington Management Group LLP boosted its stake 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 acquiring an additional 179,723 shares during the period. Finally, River Road Asset Management LLC increased its holdings in shares of BJ’s Wholesale Club by 9.6% during the 4th quarter. River Road Asset Management LLC now owns 3,403,710 shares of the company’s stock worth $306,436,000 after acquiring an additional 297,952 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.8%

BJ stock opened at $91.98 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $107.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.18. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 3.28 and a beta of 0.21. The business’s fifty day moving average price is $91.39 and its two-hundred day moving average price is $93.76.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. BJ’s Wholesale Club’s quarterly 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. On average, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 4.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BJ. JPMorgan Chase & Co. increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 14th. UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday. Bank of America initiated coverage on shares of BJ’s Wholesale Club in a research report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 price objective on the stock. Finally, Citigroup cut their target price on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $105.33.

Insider Activity

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 73,016 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total value of $7,303,060.32. Following the completion of the sale, the chief executive officer owned 282,330 shares in the company, valued at $28,238,646.60. The trade was a 20.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the completion of the sale, the executive vice president directly owned 20,471 shares of the company’s stock, valued at $1,886,812.07. This represents a 44.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

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.