Woodley Farra Manion Portfolio Management Inc. purchased a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 694,935 shares of the company's stock, valued at approximately $79,292,000. BJ's Wholesale Club makes up about 3.9% of Woodley Farra Manion Portfolio Management Inc.'s investment portfolio, making the stock its 5th largest holding. Woodley Farra Manion Portfolio Management Inc. owned 0.53% of BJ's Wholesale Club at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC lifted its stake in shares of BJ's Wholesale Club by 35.5% during the fourth quarter. LPL Financial LLC now owns 126,093 shares of the company's stock valued at $11,266,000 after buying an additional 33,026 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of BJ's Wholesale Club by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock valued at $229,808,000 after buying an additional 73,322 shares during the period. Norges Bank purchased a new position in shares of BJ's Wholesale Club during the fourth quarter valued at approximately $135,344,000. Pictet Asset Management Holding SA lifted its stake in shares of BJ's Wholesale Club by 6.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 18,530 shares of the company's stock valued at $1,656,000 after buying an additional 1,062 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of BJ's Wholesale Club by 652.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after buying an additional 457 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.
Analyst Ratings Changes
BJ has been the topic of several recent analyst reports. Robert W. Baird upped their price objective on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. UBS Group reaffirmed a "buy" rating and set a $135.00 price target (up previously from $129.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $127.00 price target (up previously from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Finally, Argus raised shares of BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average target price of $111.00.
Check Out Our Latest Stock Analysis on BJ
Insider Activity at BJ's Wholesale Club
In related news, EVP Paul Cichocki sold 43,825 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $106.65, for a total transaction of $4,673,936.25. Following the completion of the sale, the executive vice president directly owned 172,563 shares of the company's stock, valued at approximately $18,403,843.95. This trade represents a 20.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven L. Ortega purchased 1,740 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $114.60 per share, with a total value of $199,404.00. Following the completion of the acquisition, the director owned 8,641 shares in the company, valued at approximately $990,258.60. This represents a 25.21% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 79,625 shares of company stock valued at $8,595,110. Corporate insiders own 1.40% of the company's stock.
BJ's Wholesale Club Trading Up 3.9%
Shares of BJ stock traded up $4.11 during mid-day trading on Friday, reaching $110.01. The company's stock had a trading volume of 2,999,241 shares, compared to its average volume of 1,829,648. The company's 50 day simple moving average is $109.02 and its 200-day simple moving average is $109.03. 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 0.77 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $14.53 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.91 and a beta of 0.45.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter last year, the firm posted $0.85 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, research 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
(
Free Report)
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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