Louisiana State Employees Retirement System Makes New $3.73 Million Investment in BJ’s Wholesale Club Holdings, Inc. $BJ

Louisiana State Employees Retirement System acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,900 shares of the company’s stock, valued at approximately $3,730,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BJ. Victory Capital Management Inc. boosted its stake in shares of BJ’s Wholesale Club by 57.2% during the fourth quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock worth $1,164,114,000 after buying an additional 4,704,423 shares during the period. Franklin Resources Inc. increased its position in 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 acquiring an additional 737,130 shares during the period. State Street Corp raised its stake in 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 valued at $492,627,000 after acquiring an additional 389,327 shares during the last quarter. Wellington Management Group LLP raised its stake in 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 valued at $310,834,000 after acquiring an additional 179,723 shares during the last quarter. Finally, River Road Asset Management LLC lifted its position in 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 period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $88.64 on Friday. The firm’s fifty day simple moving average is $90.84 and its 200-day simple moving average is $93.83. 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 stock has a market cap of $11.32 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 3.31 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $115.43.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, May 22nd. The company reported $1.10 EPS 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 firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter 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. Analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BJ has been the topic of several analyst reports. UBS Group reiterated a “buy” rating and issued a $109.00 target price on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. 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. DA Davidson upped their price objective on shares of BJ’s Wholesale Club from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Evercore restated a “positive” rating on shares of BJ’s Wholesale Club in a research note on Thursday, March 5th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $105.27.

Insider Activity

In other news, SVP Joseph Mcgrail sold 2,050 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total transaction of $186,939.50. Following the completion of the sale, the senior vice president directly owned 14,769 shares in the company, valued at approximately $1,346,785.11. This trade represents a 12.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 sale, the executive vice president directly owned 20,471 shares in the company, valued at $1,886,812.07. This trade represents a 44.63% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 26,550 shares of company stock worth $2,435,904. Company insiders own 1.10% of the company’s stock.

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.