# BJ's Wholesale Club Holdings, Inc. (BJ)

> Source: Nexqual · https://nexqual.com/BJ · data as of 2026-10-23 16:38 UTC · cite as "Nexqual, BJ's Wholesale Club Holdings, Inc. (BJ), nexqual.com/BJ" · informational, not investment advice.

**Price:** USD 106.12 (-0.48% today) · US market open, as of October 23, 2026 at 16:38 UTC; quotes may be delayed. Prev close 106.63 · day 105.13–107.73 · 52w 83.21–107.73 · market cap $13.4B · NYQ

## Key facts
- Last four reported quarters (through Aug 1, 2026): revenue $22.8B, net income $594M (2.6% margin), free cash flow $358M (SEC filings).
- Valuation: P/E 22.5x (avg 21.7x at the last 3 fiscal year-ends), EV/EBITDA 12.1x, net debt $599M.
- Insider open-market sales, last ~7 months: 16 Form 4 filings, $36.8M; 5 not under a Rule 10b5-1 plan ($3.8M); 3 by opportunistic insiders (2 outside 10b5-1 plans), 9 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.74 on a 1–5 scale) (23 analysts), mean target USD 104.8 (range 82–120).
- Total return with dividends: 1Y +13.5% vs S&P 500 +14.6%; 5Y +81.6% vs S&P 500 +77.3%.
- Next earnings: 2026-11-20, EPS estimate USD 1.24, revenue estimate $5.93B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $16.7B | $19.3B | $20.0B | $20.5B | $21.5B | $22.8B |
| Gross profit | $3.08B | $3.43B | $3.64B | $3.76B | $4.00B | — |
| Operating income | $617M | $738M | $800M | $772M | $817M | $857M |
| Net income | $427M | $513M | $524M | $534M | $578M | $594M |
| EPS (diluted) | $3.09 | $3.76 | $3.88 | $4.00 | $4.38 | — |
| Free cash flow | $508M | $390M | $252M | $313M | $328M | $358M |
| Gross margin | 18.5% | 17.8% | 18.2% | 18.4% | 18.6% | — |
| Operating margin | 3.7% | 3.8% | 4.0% | 3.8% | 3.8% | 3.8% |
| Net margin | 2.6% | 2.7% | 2.6% | 2.6% | 2.7% | 2.6% |
| Revenue growth | +8.0% | +15.9% | +3.4% | +2.7% | +4.7% | — |
| Cash + short-term investments | $45.4M | $33.9M | $36.0M | $28.3M | $46.2M | — |
| Total debt | $749M | $853M | $717M | $574M | $519M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 1, 2026)
P/E 22.5x · P/S 0.6x · EV/EBITDA 12.1x · EV/Sales 0.6x · P/FCF 37.4x · P/B 6.1x · FCF yield 2.67% · Earnings yield 4.44% · Buyback yield (TTM) 4.12% · Net debt $599M · EV $14.0B
P/E at fiscal year-ends: Jan 2026 21.1x, Feb 2025 25.3x, Feb 2024 18.8x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
11 of 16 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Felice Laura L. | EVP, Chief Financial Officer | 8,452 | $887K | 7.7% | Yes | Too little history (no open-market trades in 2025) |
| 2026-10-13…2026-10-15 | Eddy Robert W. | President & CEO | 192,584 | $19.7M | 42.5% | Yes | Routine (sold in Aug & Sep each year 2023–2025; this trade is outside those months) |
| 2026-10-01 | Morningstar Timothy Pierce | EVP, Chief Growth Officer | 4,856 | $457K | 12.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-10-01 | Werner William C. | EVP, Strategy & Development | 3,000 | $285K | 5.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-15 | Eddy Robert W. | President & CEO | 8,000 | $762K | 2.9% | Yes | Routine (sold in Aug & Sep each year 2023–2025) |
| 2026-08-25 | McGrail Joseph | SVP, Controller | 1,500 | $145K | 10.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-24 | Eddy Robert W. | President & CEO | 4,900 | $490K | 1.7% | Yes | Routine (sold in Aug & Sep each year 2023–2025) |
| 2026-08-14 | Eddy Robert W. | President & CEO | 8,000 | $749K | 2.8% | Yes | Routine (sold in Aug & Sep each year 2023–2025) |
| 2026-07-29 | Eddy Robert W. | President & CEO | 73,016 | $7.3M | 20.4% | Yes | Routine (sold in Aug & Sep each year 2023–2025; this trade is outside those months) |
| 2026-07-15 | Eddy Robert W. | President & CEO | 8,000 | $725K | 2.7% | Yes | Routine (sold in Aug & Sep each year 2023–2025; this trade is outside those months) |
| 2026-06-15 | Eddy Robert W. | President & CEO | 8,000 | $723K | 2.7% | Yes | Routine (sold in Aug & Sep each year 2023–2025; this trade is outside those months) |
| 2026-06-10 | Schmadeke Scott | EVP, Chief Operations Officer | 16,500 | $1.5M | 44.6% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-15 | Eddy Robert W. | President & CEO | 8,000 | $769K | 2.6% | Yes | Routine (sold in Aug & Sep each year 2023–2025; this trade is outside those months) |
| 2026-04-15 | McGrail Joseph | SVP, Controller | 2,050 | $187K | 12.2% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-15 | Eddy Robert W. | President & CEO | 8,000 | $728K | 2.5% | Yes | Routine (sold in Aug & Sep each year 2023–2025; this trade is outside those months) |
| 2026-04-10…2026-04-13 | Morningstar Timothy Pierce | EVP, Chief Growth Officer | 14,872 | $1.4M | 27.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.74 on a 1–5 scale), 23 analysts; mean target USD 104.8 (low 82, high 120).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Evercore ISI Group | Target raised | In-Line | $100 → $105 |
| 2026-08-24 | Citigroup | Target raised | Buy | $100 → $111 |
| 2026-08-24 | Roth Capital | Reiterated | Neutral | $97 |
| 2026-08-24 | UBS | Target raised | Buy | $109 → $115 |
| 2026-08-24 | DA Davidson | Target raised | Buy | $105 → $108 |
| 2026-08-04 | Evercore ISI Group | Target raised | In-Line | $95 → $100 |
| 2026-07-29 | Gordon Haskett | Upgrade | Hold → Buy | $115 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +13.5% | +81.6% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | +13.5% | +12.7% |
| Volatility (annualized) | 30.7% | 29.3% |
| Max drawdown | -18.4% (Feb 2026→Jun 2026) | -28.1% (Apr 2025→Jun 2026) |

## Peers (Discount Stores)
DLTR (Dollar Tree, Inc.) USD 123.98 -5.39% · TBBB (BBB Foods Inc.) USD 57.74 +0.24% · DG (Dollar General Corporation) USD 131.66 -5.36% · OLLI (Ollie's Bargain Outlet Holdings) USD 87.2 -5.86% · PSMT (PriceSmart, Inc.) USD 167.78 -2.22% · TGT (Target Corporation) USD 153.83 -2.71%

## More
Full page: https://nexqual.com/BJ · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Net sales | $6.09B | 97.8% | +15.9% |
| Membership | $135.6M | 2.2% | +9.9% |
| Total revenue | $6.23B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $1.24 | $1.23 | +0.3% | $5.93B | 19 |
| Next quarter (ends 2027-01-31) | $1.02 | $1.02 | -0.7% | $6.15B | 19 |
| Current fiscal year (ends 2027-01-31) | $4.71 | $4.52 | +4.3% | $23.97B | 22 |
| Next fiscal year (ends 2028-01-31) | $5.03 | $4.88 | +2.9% | $25.33B | 22 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-20): ±8.3%; last 8 reports averaged ±7.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 37.4% | ±8.3% |
| 2026-12-18 | 56 | 32.3% | ±10.1% |
| 2027-01-15 | 84 | 30.5% | ±11.7% |
| 2027-02-19 | 119 | 30.1% | ±13.8% |
| 2027-05-21 | 210 | 31.4% | ±19.0% |
| 2027-06-17 | 237 | 32.4% | ±20.8% |