BJ’S WHOLESALE CLUB HOLDINGS, INC.
In the published model solve dated 2026-Q2, anchored at $90.60, BJ’S WHOLESALE CLUB HOLDINGS, INC. (BJ) is priced for -3.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Membership dues are about 2% of the revenue line and something close to two thirds of the profit, which is why a club retailer earning a 3.9% operating margin is not the thin business that margin implies. • Comparable club sales rose 6.3% in the quarter ended May 2, 2026, but stripped of gasoline they rose 1.5%, below the 2% to 3% full-year pace management guided to in March [Source: Q1 fiscal 2026 results release, May 22, 2026]. • The footprint is regional rather than national, at 263 clubs a
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604 institutional managers reported holding BJ in 13F filings for the quarter ended 2026-03-31. 73 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 9.2M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (4.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BJ has cut its share count 5.1% over the past five years, spending $1.24B on repurchases. It pays no dividend. Cash returned over the past three years: $852.20M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BJ over the trailing three years: 2024: 1 buy totaling $199k; 2025: 2 buys totaling $399k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BJ's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-26 | -5.1% | +6.9% |
| 2023-11-23 | -4.8% | -1.4% |
| 2024-03-19 | +4.6% | +3.4% |
| 2024-05-31 | +9.5% | -1.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BJ's latest 8-K filings: 2026-08-21 (items 2.02, 5.02, 9.01); 2026-06-18 (items 5.07); 2026-05-22 (items 2.02, 9.01); 2026-03-05 (items 2.02, 9.01); 2025-11-21 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.