River Road assets managementAn investment management company published its “River Road Small-Mid Fund Value Value Fund” quarter 2024. A copy of the letter may be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 3.67% compared to -0.26% of Russell Value Index 2500tm. By 2024, the fund returned 12.46% compared to the return of the index of 10.98%. For more information on the best fund options by 2024, check the five main stakes.

In his fourth quarter investor letter of 2024, River Road Small-Mid Value Fund emphasized actions such as BJ’s Wholesale Club Holdings, Inc. (NYSE:Bj)). BJ’s Whilenal Club Holdings, Inc. (NYSE: BJ) Operates warehouse clubs that provide groceries, general goods, gasoline and other auxiliary services, coupon books and promotions. The return of a month from BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) It was 14.90% and their shares obtained 54.65% of their value for the last 52 weeks. On April 1, 2025, the actions of BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) closed to $ 114.88 per action with a market capitalization of $ 15.134 million.

River Road Small-Mid Cap Value Fund indicated the following on BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) In its quarter of 2024 Investor Letter:

“Another lower collaborator during the quarter was BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ), a warehouse club operator with 244 clubs and 175 gas stations from 20 states on the east coast of the United States. BJ reported the results of the Q2 that exceeded expectations, but were guided by marginally lower merchandise throughout the year, as the company continues to invest in a better value proposition for its members. Sales of comparable stores (excluding fuel) increased by 2.4% driven by 4% traffic growth and positive sales of the same store in all categories. Gasoline sales, a BJ key traffic engine, surpassed the largest market in the United States, with gallons from the same store that grow by 5%, unlike a low -digit decline throughout the industry. Sales of groceries and perishables increased by 3%, which indicated that the market share gains on traditional groceries. General merchandise sales increased by 1% year -on -year, as management has renewed the focus on better assortment and better value. BJ also increases investments by improving perishable assortments such as meat and products. Investments in general goods will lead to a year -on -year freight margin by 2024 compared to the improvement of 20 BPS provided at the beginning of the year. These investments should drive the traffic and incremental growth of members’ rates, the most important metric for the Warehouse Club model. To that end, membership income of members increased by 9.1% in the quarter. Additionally, the penetration of higher level members increased to 39%, 1% sequentially, with a growth of two digits on a+ level (annual $ 110, with a co-mark capital card), the highest membership, which has the greatest life value. BJ goes to the court to open 11 more clubs at the end of 2024 and 10-12 new additional clubs by 2025. We did not do any action on the position. “