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

Congress Asset Management Co. grew its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,146 shares of the company’s stock after buying an additional 41,817 shares during the period. Congress Asset Management Co. owned approximately 0.26% of BJ’s Wholesale Club worth $30,983,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BJ. Roxbury Financial LLC bought a new stake in shares of BJ’s Wholesale Club during the 3rd quarter worth $28,000. Davis Capital Management bought a new position in BJ’s Wholesale Club in the third quarter valued at $28,000. Eastern Bank purchased a new stake in BJ’s Wholesale Club during the third quarter valued at about $29,000. Root Financial Partners LLC purchased a new stake in BJ’s Wholesale Club during the third quarter valued at about $29,000. Finally, Sunbelt Securities Inc. bought a new stake in BJ’s Wholesale Club during the third quarter worth about $34,000. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BJ. The Goldman Sachs Group cut their price objective on 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 reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on BJ’s Wholesale Club from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Barclays cut shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $115.00 to $90.00 in a research report on Wednesday, January 7th. Finally, DA Davidson lifted their price target on shares of BJ’s Wholesale Club from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $107.63.

BJ’s Wholesale Club Stock Up 1.8%

Shares of NYSE BJ opened at $97.78 on Wednesday. The firm’s fifty day moving average is $97.07 and its 200 day moving average is $94.20. 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 quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.18. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 3.32 and a beta of 0.36.

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 business had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The firm’s revenue for the quarter 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, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current 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.