Squarepoint Ops LLC Purchases 144,197 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Squarepoint Ops LLC grew its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 65.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 363,030 shares of the company’s stock after purchasing an additional 144,197 shares during the period. Squarepoint Ops LLC’s holdings in BJ’s Wholesale Club were worth $31,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Entropy Technologies LP bought a new position in shares of BJ’s Wholesale Club in the 1st quarter valued at about $1,135,000. Sei Investments Co. raised its stake in shares of BJ’s Wholesale Club by 19.6% during the first quarter. Sei Investments Co. now owns 396,598 shares of the company’s stock worth $39,033,000 after buying an additional 64,942 shares during the last quarter. Focus Partners Wealth raised its stake in shares of BJ’s Wholesale Club by 6.2% during the fourth quarter. Focus Partners Wealth now owns 517,731 shares of the company’s stock worth $47,256,000 after buying an additional 30,095 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in BJ’s Wholesale Club by 30.7% in the fourth quarter. Reinhart Partners LLC. now owns 54,452 shares of the company’s stock valued at $4,902,000 after buying an additional 12,784 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in BJ’s Wholesale Club in the second quarter valued at approximately $27,242,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $89.72 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.19 and a current ratio of 0.73. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $83.21 and a 52 week high of $105.78. The company’s 50 day moving average price is $92.82 and its two-hundred day moving average price is $93.19. The company has a market capitalization of $11.33 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.74 and a beta of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Friday, August 21st. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, analysts expect 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 equities analysts have issued reports on BJ shares. DA Davidson raised their price objective on shares of BJ’s Wholesale Club from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, August 24th. The Goldman Sachs Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, August 24th. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Wednesday, July 29th. Bank of America initiated coverage on BJ’s Wholesale Club in a report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 price objective for the company. Finally, UBS Group raised their target price on BJ’s Wholesale Club from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $106.06.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert Eddy sold 4,900 shares of BJ’s Wholesale Club stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $100.01, for a total value of $490,049.00. Following the sale, the chief executive officer owned 274,330 shares of the company’s stock, valued at $27,435,743.30. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 1,500 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, August 25th. The shares were 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 79,416 shares of company stock worth $7,938,084 over the last ninety days. 1.10% of the stock is currently 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.