BJs Wholesale Club (BJ)

• Market cap: $12.4B
• 1 day: -0.24%
• 5 days: -3.48%
• 1 month: 9.42%
• 3 months: 15.78%
• 6 months: 5.88%
• Year to date: 39.29%
• 1 year: 41.16%
• 5 years: 315.65%
• 10 years: 326.23%
• Sector: Consumer Staples
• Industry: Variety Stores

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 7,000 stock-keeping units at its warehouses 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 Q3 regulatory filings by fund managers ($100M+ AUM)

86% more call options, than puts

Call options by funds: $163M | Put options by funds: $87.9M

19% more repeat investments, than reductions

Existing positions increased: 208 | Existing positions reduced: 175

7% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 71

1% more funds holding

Funds holding: 505 [Q2] → 510 (+5) [Q3]

7.14% less ownership

Funds ownership: 107.97% [Q2] → 100.83% (-7.14%) [Q3]

12% less capital invested

Capital invested by funds: $12.6B [Q2] → $11.1B (-$1.52B) [Q3]

67% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 2 (-4) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $87 7% downside
• Avg. target: $102 8% upside
• High target: $115 23% upside

9 analyst ratings

• positive: 6 67%
• neutral: 3 33%
• negative: 0 0%

Citigroup Paul Lejuez 81% 1-year accuracy 26 / 32 met price target	8% upside $101	Neutral Maintained	18 Dec 2024
TD Cowen Oliver Chen 48% 1-year accuracy 15 / 31 met price target	23% upside $115	Buy Maintained	12 Dec 2024
Roth MKM Bill Kirk 50% 1-year accuracy 11 / 22 met price target	7% downside $87	Neutral Maintained	25 Nov 2024
UBS Mark Carden 80% 1-year accuracy 8 / 10 met price target	15% upside $108	Buy Maintained	22 Nov 2024
Morgan Stanley Simeon Gutman 50% 1-year accuracy 18 / 36 met price target	5% upside $98	Equal-Weight Maintained	22 Nov 2024