Deutsche Bank AG Acquires 579,150 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Deutsche Bank AG lifted its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3,526.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 595,571 shares of the company's stock after buying an additional 579,150 shares during the quarter. Deutsche Bank AG owned about 0.45% of BJ's Wholesale Club worth $53,214,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BJ. Covestor Ltd grew its position in shares of BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares during the period. Tortoise Investment Management LLC grew its position in shares of BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after buying an additional 233 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of BJ's Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after buying an additional 457 shares during the period. UMB Bank n.a. grew its position in shares of BJ's Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after buying an additional 253 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in shares of BJ's Wholesale Club by 9,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock worth $70,000 after buying an additional 776 shares during the period. 98.60% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Robert W. Eddy sold 280,400 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the sale, the chief executive officer now owns 422,033 shares in the company, valued at approximately $48,242,592.23. This represents a 39.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 2,100 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the sale, the senior vice president now owns 14,240 shares in the company, valued at $1,705,097.60. The trade was a 12.85% decrease in their position. 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 three months. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. DA Davidson lifted their price target on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Barclays boosted their price objective on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Robert W. Baird boosted their price objective on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Evercore ISI decreased their price objective on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $112.06.

BJ's Wholesale Club Stock Up 4.7%

Shares of BJ's Wholesale Club stock traded up $5.26 during trading on Friday, reaching $116.65. The stock had a trading volume of 2,875,744 shares, compared to its average volume of 1,673,444. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 4.50 and a beta of 0.59. The stock has a fifty day moving average price of $113.95 and a two-hundred day moving average price of $102.87. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly 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. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal 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.