Brevan Howard Capital Management LP Buys Shares of 17,703 BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Brevan Howard Capital Management LP bought a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,703 shares of the company's stock, valued at approximately $1,582,000.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in BJ's Wholesale Club by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock valued at $470,775,000 after acquiring an additional 504,958 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of BJ's Wholesale Club by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company's stock valued at $387,009,000 after purchasing an additional 43,106 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BJ's Wholesale Club by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock worth $229,808,000 after acquiring an additional 73,322 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in BJ's Wholesale Club by 4.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company's stock worth $222,205,000 after purchasing an additional 99,311 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in BJ's Wholesale Club by 11.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after acquiring an additional 245,731 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays raised their target price on BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Wells Fargo & Company reissued an "overweight" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Morgan Stanley raised their price target on BJ's Wholesale Club from $98.00 to $115.00 and gave the company an "equal weight" rating in a report on Friday, March 7th. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their price target for the company from $115.00 to $130.00 in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group upped their target price on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and a consensus target price of $112.12.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 280,400 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the sale, the chief executive officer now directly owns 422,033 shares in the company, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the transaction, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. The trade was a 12.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 328,505 shares of company stock worth $37,452,686 over the last ninety days. Company insiders own 2.00% of the company's stock.

BJ's Wholesale Club Price Performance

NYSE BJ traded up $0.02 on Friday, reaching $114.75. The company had a trading volume of 1,120,749 shares, compared to its average volume of 1,646,689. The stock has a market capitalization of $15.11 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The firm's 50 day moving average price is $113.94 and its 200 day moving average price is $101.73.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. As a group, equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.