2,703 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Purchased by Colonial River Investments LLC

Colonial River Investments LLC bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,703 shares of the company's stock, valued at approximately $308,000.

Other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC raised its holdings in shares of BJ's Wholesale Club by 11.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock valued at $208,218,000 after purchasing an additional 245,731 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in BJ's Wholesale Club in the first quarter valued at $9,805,000. Intech Investment Management LLC increased its stake in BJ's Wholesale Club by 278.6% in the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock valued at $4,822,000 after buying an additional 39,713 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in BJ's Wholesale Club by 151.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock worth $1,768,000 after buying an additional 11,928 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in BJ's Wholesale Club during the 4th quarter worth about $307,000. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 0.8%

BJ stock opened at $114.40 on Friday. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 3.35 and a beta of 0.47. The business's fifty day moving average price is $113.39 and its two-hundred day moving average price is $106.99.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. BJ's Wholesale Club's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity

In other news, CEO Robert W. Eddy sold 280,400 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the transaction, the chief executive officer now directly owns 422,033 shares in the company, valued at approximately $48,242,592.23. The trade was 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, EVP William C. Werner sold 14,192 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the sale, the executive vice president now owns 26,113 shares in the company, valued at $3,071,933.32. This represents a 35.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 314,592 shares of company stock worth $35,977,967. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BJ. Morgan Stanley lifted their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. UBS Group restated a "buy" rating and set a $135.00 target price (up from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 price target (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Finally, Barclays upped their target price 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. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.12.

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.

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