Artemis Investment Management LLP Purchases New Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Artemis Investment Management LLP acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 584,357 shares of the company's stock, valued at approximately $66,675,000. Artemis Investment Management LLP owned approximately 0.44% of BJ's Wholesale Club at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BJ. Covestor Ltd increased its holdings in shares of BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after acquiring an additional 115 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the 1st quarter valued at about $43,000. Tortoise Investment Management LLC boosted its holdings in BJ's Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after acquiring an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in 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 in the last quarter. Finally, Continuum Advisory LLC boosted its position in BJ's Wholesale Club by 1,515.6% during the 1st quarter. Continuum Advisory LLC now owns 517 shares of the company's stock worth $59,000 after purchasing an additional 485 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

NYSE BJ opened at $113.56 on Friday. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 3.34 and a beta of 0.47. The company has a 50-day moving average price of $113.47 and a two-hundred day moving average price of $106.83.

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. 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 for the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the previous year, the firm earned $0.85 EPS. BJ's Wholesale Club's revenue was up 4.8% on a year-over-year basis. Analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BJ. UBS Group reissued 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. Cowen reissued a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. DA Davidson upped their target price on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Argus upgraded BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Finally, The Goldman Sachs Group upped their price objective on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.12.

Insider Buying and Selling at BJ's Wholesale Club

In related news, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the transaction, the senior vice president now directly owns 14,240 shares of the company's stock, valued at approximately $1,705,097.60. This trade represents a 12.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 280,400 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the transaction, the chief executive officer now directly owns 422,033 shares of the company's stock, valued at $48,242,592.23. This represents a 39.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 314,592 shares of company stock worth $35,977,967. 1.40% of the stock is currently owned by company insiders.

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.

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