BJs Wholesale ClubBJ
Market Cap: $10.2B
About: BJ's Wholesale serves as one of the few warehouse club chains in the United States. Its more than 240 warehouses are primarily located along the East Coast, most prominently in the New England area. Similar to its warehouse club peers, BJ's charges annual membership fees and keeps costs down by operating a "no-frills" store environment. The company limits the use of distribution centers where possible and stores inventory on pallets directly on the sales floor, often in bulk quantities. The company also offers a limited assortment of stock-keeping units at its warehouses (around 7,000) to achieve greater procurement scale on select items. About 80% of BJ's net sales come from grocery items and general merchandise, with the remaining 20% coming from gasoline and other ancillary services.
Employees: 34,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 6 (+3) [Q2]
81% more call options, than puts
Call options by funds: $156M | Put options by funds: $86.6M
52% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 58
16% more capital invested
Capital invested by funds: $10.3B [Q1] → $12B (+$1.68B) [Q2]
6% more funds holding
Funds holding: 472 [Q1] → 502 (+30) [Q2]
0.19% more ownership
Funds ownership: 103.04% [Q1] → 103.23% (+0.19%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 184
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
JP Morgan Christopher Horvers 60% 1-year accuracy 18 / 30 met price target | 2%upside $78 | Neutral Upgraded | 26 Aug 2024 |
Roth MKM Bill Kirk 45% 1-year accuracy 10 / 22 met price target | 2%downside $75 | Neutral Maintained | 23 Aug 2024 |
Wells Fargo Edward Kelly 33% 1-year accuracy 6 / 18 met price target | 20%upside $92 | Overweight Upgraded | 23 Aug 2024 |
B of A Securities Robert Ohmes 47% 1-year accuracy 8 / 17 met price target | 17%upside $90 | Buy Maintained | 23 Aug 2024 |
JP Morgan Christopher Horvers 60% 1-year accuracy 18 / 30 met price target | 1%downside $76 | Underweight Maintained | 16 Aug 2024 |
Financial journalist opinion
Based on 21 articles about BJ published over the past 30 days