Voloridge Investment Management LLC Acquires Shares of 21,039 BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Voloridge Investment Management LLC purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,039 shares of the company's stock, valued at approximately $1,880,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd increased 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 valued at $26,000 after purchasing an additional 115 shares during the last quarter. 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 valued at $47,000 after acquiring an additional 457 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 valued at $47,000 after acquiring an additional 233 shares during the period. State of Wyoming purchased a new stake in shares of BJ's Wholesale Club during the 4th quarter worth approximately $69,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of BJ's Wholesale Club by 9,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock worth $70,000 after purchasing an additional 776 shares during the period. 98.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the sale, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. This trade represents a 12.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Ortega bought 1,740 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $114.60 per share, with a total value of $199,404.00. Following the acquisition, the director now owns 8,641 shares of the company's stock, valued at $990,258.60. This represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 328,505 shares of company stock valued at $37,452,686 in the last quarter. Insiders own 1.40% of the company's stock.

BJ's Wholesale Club Trading Down 1.4%

BJ traded down $1.58 on Monday, hitting $111.63. 2,055,500 shares of the company were exchanged, compared to its average volume of 1,665,053. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm has a fifty day simple moving average of $115.14 and a two-hundred day simple moving average of $104.94. The stock has a market capitalization of $14.70 billion, a PE ratio of 26.83, 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.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.23. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.18 billion. During the same quarter last year, the business earned $0.85 earnings per share. The business's revenue was up 4.8% on a year-over-year basis. Sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BJ has been the subject of several research reports. Argus raised BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Barclays increased their price target 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. DA Davidson boosted their price objective on BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Evercore ISI dropped their price target on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.12.

About BJ's Wholesale Club

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.