84,265 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Purchased by Nkcfo LLC

Key Points

• Nkcfo LLC acquired 84,265 shares of BJ's Wholesale Club, valued at approximately $9.6 million, making it the 7th largest position in their portfolio.
• Recent hedge fund activity includes significant stake increases, with Covestor Ltd boosting its stake by 66.5% in the last quarter.
• BJ's Wholesale Club stock currently has a consensus rating of "Moderate Buy", with an average price target of $111.00 from analysts.

Nkcfo LLC acquired a new stake 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 13F filing with the Securities and Exchange Commission. The fund acquired 84,265 shares of the company's stock, valued at approximately $9,615,000. BJ's Wholesale Club accounts for about 4.5% of Nkcfo LLC's investment portfolio, making the stock its 7th biggest holding. Nkcfo LLC owned approximately 0.06% of BJ's Wholesale Club at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of BJ's Wholesale Club by 29.8% in the 1st quarter. LPL Financial LLC now owns 163,719 shares of the company's stock worth $18,680,000 after buying an additional 37,626 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BJ's Wholesale Club by 4.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,699 shares of the company's stock worth $3,959,000 after purchasing an additional 1,596 shares during the period. HB Wealth Management LLC raised its position in shares of BJ's Wholesale Club by 39.1% during the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company's stock worth $393,000 after purchasing an additional 967 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of BJ's Wholesale Club during the first quarter worth $6,924,000. Finally, Cetera Investment Advisers raised its position in shares of BJ's Wholesale Club by 17.6% during the first quarter. Cetera Investment Advisers now owns 43,442 shares of the company's stock worth $4,957,000 after purchasing an additional 6,504 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares of the company's stock, valued at $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul Cichocki sold 43,825 shares of the business's stock in a transaction on Friday, July 11th. The stock was 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 in the company, valued at approximately $18,403,843.95. This represents a 20.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,625 shares of company stock valued at $8,595,110 over the last 90 days. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Morgan Stanley lifted their price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Citigroup lifted their price target on BJ's Wholesale Club from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Finally, Loop Capital reiterated a "hold" rating and set a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.00.

BJ's Wholesale Club Price Performance

Shares of NYSE BJ traded down $0.35 during midday trading on Monday, reaching $103.85. The company's stock had a trading volume of 1,422,205 shares, compared to its average volume of 1,532,904. 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 fifty-two week low of $76.33 and a fifty-two week high of $121.10. The business's 50 day moving average price is $109.75 and its two-hundred day moving average price is $109.02. The company has a market cap of $13.71 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.88 and a beta of 0.45.

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, beating the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The company's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. On average, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.