Hsbc Holdings PLC Increases Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Hsbc Holdings PLC lifted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 340.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,785 shares of the company’s stock after purchasing an additional 23,019 shares during the period. Hsbc Holdings PLC’s holdings in BJ’s Wholesale Club were worth $2,685,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings 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 acquiring an additional 4,704,423 shares during the last quarter. Norges Bank acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth about $151,765,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in BJ’s Wholesale Club during the third quarter worth about $110,523,000. State Street Corp raised its holdings in shares of BJ’s Wholesale Club by 25.4% in the 3rd quarter. State Street Corp now owns 5,082,478 shares of the company’s stock worth $473,941,000 after purchasing an additional 1,028,779 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of BJ’s Wholesale Club by 32.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,272,839 shares of the company’s stock worth $305,192,000 after purchasing an additional 809,890 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $87.88 on Friday. The company has a market cap of $11.22 billion, a P/E ratio of 20.20, a PEG ratio of 3.19 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.73. BJ’s Wholesale Club Holdings, Inc. has a one year low of $83.21 and a one year high of $110.92. The business’s 50-day simple moving average is $89.63 and its 200 day simple moving average is $93.49.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.44 billion. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.BJ’s Wholesale Club’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price 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. Citigroup cut their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock 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 set a “neutral” rating and a $110.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday. Finally, UBS Group reiterated a “buy” rating and set a $109.00 price objective on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.27.

Insider Activity

In other news, SVP Joseph Mcgrail sold 2,050 shares of the business’s stock in a transaction 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 transaction, the senior vice president directly owned 14,769 shares of the company’s stock, valued at approximately $1,346,785.11. The trade was a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the company’s stock in a transaction on 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 transaction, the executive vice president owned 20,471 shares of the company’s stock, valued at $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,550 shares of company stock worth $2,435,904 over the last 90 days. Company insiders own 1.10% of the company’s stock.

BJ’s Wholesale Club Profile

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.