Congress Asset Management Co. Acquires 41,817 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

Congress Asset Management Co. grew its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 344,146 shares of the company’s stock after acquiring an additional 41,817 shares during the quarter. Congress Asset Management Co.’s holdings in BJ’s Wholesale Club were worth $30,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BJ. Creative Planning lifted its stake in BJ’s Wholesale Club by 5.6% in the second quarter. Creative Planning now owns 16,238 shares of the company’s stock worth $1,751,000 after acquiring an additional 868 shares during the period. Ensign Peak Advisors Inc increased its position in BJ’s Wholesale Club by 1.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 62,462 shares of the company’s stock valued at $6,735,000 after purchasing an additional 936 shares during the period. Magnetar Financial LLC bought a new position in BJ’s Wholesale Club in the 2nd quarter worth $642,000. MAI Capital Management raised its holdings in BJ’s Wholesale Club by 395.7% in the 2nd quarter. MAI Capital Management now owns 580 shares of the company’s stock worth $63,000 after purchasing an additional 463 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of BJ’s Wholesale Club by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 275,207 shares of the company’s stock worth $29,676,000 after purchasing an additional 4,127 shares during the period. Institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

BJ has been the topic of a number of research reports. Evercore reaffirmed a “positive” rating on shares of BJ’s Wholesale Club in a research note on Thursday, March 5th. JPMorgan Chase & Co. increased their price target on shares of BJ’s Wholesale Club from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. The Goldman Sachs Group lowered their price objective on shares of BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Finally, Citigroup reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.63.

BJ’s Wholesale Club Stock Up 1.8%

Shares of BJ’s Wholesale Club stock opened at $97.78 on Wednesday. The company has a 50-day simple moving average of $97.07 and a two-hundred day simple moving average of $94.20. The stock has a market capitalization of $12.68 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 3.32 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $86.68 and a 52-week high of $121.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.75.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. BJ’s Wholesale Club had a net margin of 2.70% and a return on equity of 27.55%. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.