BJs Wholesale Club
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
17% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 65
1% more funds holding
Funds holding: 505 [Q2] → 510 (+5) [Q3]
7.27% less ownership
Funds ownership: 109.98% [Q2] → 102.71% (-7.27%) [Q3]
12% less capital invested
Capital invested by funds: $12.8B [Q2] → $11.3B (-$1.55B) [Q3]
67% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 2 (-4) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Citigroup Paul Lejuez 69% 1-year accuracy 24 / 35 met price target | 6%upside $101 | Neutral Maintained | 18 Dec 2024 |
TD Cowen Oliver Chen 42% 1-year accuracy 13 / 31 met price target | 21%upside $115 | Buy Maintained | 12 Dec 2024 |
Roth MKM Bill Kirk 41% 1-year accuracy 7 / 17 met price target | 8%downside $87 | Neutral Maintained | 25 Nov 2024 |
UBS Mark Carden 80% 1-year accuracy 8 / 10 met price target | 14%upside $108 | Buy Maintained | 22 Nov 2024 |
Morgan Stanley Simeon Gutman 59% 1-year accuracy 19 / 32 met price target | 3%upside $98 | Equal-Weight Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 3 articles about BJ published over the past 30 days
