With bjs stock price steady at $73.36, attention turns to upcoming inflation data that could influence retail sector sentiment. If consumer confidence remains steady, BJ’s may see sustained demand growth in Q Consumer spending has helped keep the economy chugging along despite higher prices, and evidence that inflation is cooling faster than expected could help bolster the case for the Federal Reserve keeping interest rates steady. Several institutional investors have recently modified their holdings of BJ. Oppenheimer & Co. Inc. bought a new position in BJ's Wholesale Club during the 4th quarter valued at about $307,000. QRG Capital Management Inc. lifted its position in BJ's Wholesale Club by 4.7% during the fourth quarter. QRG Capital Management Inc. now owns 4,329 shares of the company's stock valued at $387,000 after purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC boosted its holdings in BJ's Wholesale Club by 34.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company's stock worth $113,000 after purchasing an additional 324 shares during the last quarter. Jones Financial Companies Lllp grew its position in BJ's Wholesale Club by 355.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,027 shares of the company's stock worth $270,000 after purchasing an additional 2,363 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in BJ's Wholesale Club by 296.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,646 shares of the company's stock worth $3,900,000 after purchasing an additional 32,635 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors. Trading updates show bjs stock price at $73.35, holding firm on steady institutional buying. Macro conditions remain favorable for discount wholesale clubs, and Wall Street maintains moderate buy ratings for BJ’s, citing defensive qualities in consumer staples.
