65,525 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. bought a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 65,525 shares of the company's stock, valued at approximately $7,408,000.

A number of other hedge funds have also made changes to their positions in BJ. Norges Bank acquired a new stake in shares of BJ's Wholesale Club during the fourth quarter worth approximately $135,344,000. Alliancebernstein L.P. increased its holdings in shares of BJ's Wholesale Club by 658.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock worth $136,100,000 after buying an additional 1,322,425 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in BJ's Wholesale Club during the 4th quarter valued at $85,550,000. GAMMA Investing LLC increased its holdings in BJ's Wholesale Club by 17,333.9% during the 1st quarter. GAMMA Investing LLC now owns 689,164 shares of the company's stock valued at $78,634,000 after purchasing an additional 685,211 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in BJ's Wholesale Club by 3,526.9% during the 4th quarter. Deutsche Bank AG now owns 595,571 shares of the company's stock valued at $53,214,000 after purchasing an additional 579,150 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

BJ opened at $114.40 on Friday. The company has a fifty day moving average price of $113.39 and a two-hundred day moving average price of $106.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The firm has a market capitalization of $15.11 billion, a PE ratio of 26.60, a P/E/G ratio of 3.33 and a beta of 0.47.

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

Insider Transactions at BJ's Wholesale Club

In other news, SVP Joseph Mcgrail sold 2,100 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the transaction, the senior vice president now owns 14,240 shares of the company's stock, valued at $1,705,097.60. The trade was a 12.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 280,400 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $48,242,592.23. The trade was a 39.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 314,592 shares of company stock worth $35,977,967. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on BJ shares. Wall Street Zen upgraded BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. UBS Group restated a "buy" rating and issued a $135.00 price objective (up previously from $129.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Morgan Stanley raised their price objective on shares of 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. Evercore ISI lowered 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 research report on Tuesday, April 1st. Finally, Argus raised shares of BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, BJ's Wholesale Club currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.