584,357 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Bought by Artemis Investment Management LLP

Artemis Investment Management LLP purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 584,357 shares of the company's stock, valued at approximately $66,675,000. Artemis Investment Management LLP owned 0.44% of BJ's Wholesale Club as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of BJ. Y Intercept Hong Kong Ltd raised its position in BJ's Wholesale Club by 33.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 8,371 shares of the company's stock valued at $748,000 after purchasing an additional 2,092 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of BJ's Wholesale Club in the 4th quarter valued at $307,000. Proficio Capital Partners LLC bought a new position in shares of BJ's Wholesale Club in the 4th quarter valued at $6,491,000. QRG Capital Management Inc. raised its holdings in shares of BJ's Wholesale Club by 4.7% during the 4th quarter. QRG Capital Management Inc. now owns 4,329 shares of the company's stock worth $387,000 after buying an additional 193 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of BJ's Wholesale Club by 34.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company's stock worth $113,000 after buying an additional 324 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Insider Buying and Selling

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total transaction of $2,004,442.00. Following the transaction, the chief executive officer now directly owns 386,233 shares in the company, valued at approximately $43,250,371.34. This represents a 4.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven L. Ortega acquired 1,740 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $114.60 per share, with a total value of $199,404.00. Following the purchase, the director now directly owns 8,641 shares in the company, 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 sold 314,592 shares of company stock valued at $35,977,967 over the last 90 days. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BJ. DA Davidson lifted their target price on BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $127.00 price target (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Argus upgraded shares of BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Finally, UBS Group reiterated a "buy" rating and set a $135.00 price target (up from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.12.

BJ's Wholesale Club Trading Down 5.7%

BJ stock traded down $6.52 during trading on Monday, hitting $107.73. The company had a trading volume of 3,554,353 shares, compared to its average volume of 1,678,564. The stock has a market cap of $14.23 billion, a PE ratio of 25.05, a PEG ratio of 3.35 and a beta of 0.47. The business has a 50-day moving average of $113.39 and a 200-day moving average of $107.05. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same period in the prior year, the company posted $0.85 earnings per share. BJ's Wholesale Club's revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

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.