6,153 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Purchased by Weiss Asset Management LP

Weiss Asset Management LP bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,153 shares of the company’s stock, valued at approximately $410,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BJ. FMR LLC raised its stake in BJ’s Wholesale Club by 39.7% in the 3rd quarter. FMR LLC now owns 16,013,702 shares of the company’s stock valued at $1,142,898,000 after acquiring an additional 4,548,963 shares during the period. Victory Capital Management Inc. lifted its stake in shares of BJ’s Wholesale Club by 13.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock worth $342,385,000 after buying an additional 590,113 shares during the last quarter. Morgan Stanley boosted its holdings in shares of BJ’s Wholesale Club by 10.3% during the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock worth $281,229,000 after buying an additional 369,317 shares during the period. River Road Asset Management LLC grew its stake in BJ’s Wholesale Club by 5.9% in the 3rd quarter. River Road Asset Management LLC now owns 3,883,231 shares of the company’s stock valued at $277,146,000 after buying an additional 217,747 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in BJ’s Wholesale Club by 38.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock valued at $120,500,000 after buying an additional 467,575 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock traded up $2.17 during midday trading on Thursday, hitting $87.02. 498,760 shares of the company traded hands, compared to its average volume of 1,499,398. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 3.09 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The firm’s fifty day moving average price is $77.51 and its 200-day moving average price is $71.24. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $88.35.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the company earned $0.85 EPS. BJ’s Wholesale Club’s revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BJ. Bank of America lifted their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Evercore ISI boosted their price objective on shares of BJ’s Wholesale Club from $80.00 to $86.00 and gave the company an “in-line” rating in a report on Friday, May 24th. JPMorgan Chase & Co. increased their target price on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the stock an “underweight” rating in a research report on Tuesday. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price target for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Finally, TD Cowen increased their price target on BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $81.88.

View Our Latest Research Report on BJ

Insider Activity

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the sale, the senior vice president now owns 12,905 shares of the company’s stock, valued at $998,459.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares in the company, valued at $12,815,091.30. The disclosure for this sale can be found here. Insiders sold 98,640 shares of company stock valued at $7,394,087 over the last quarter. 2.00% of the stock is owned by company insiders.

About BJ’s Wholesale Club

(Free Report)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.

See Also

Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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