Bank of New York Mellon Corp Acquires 1,989,980 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Bank of New York Mellon Corp lifted its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 199.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,986,494 shares of the company's stock after purchasing an additional 1,989,980 shares during the quarter. Bank of New York Mellon Corp owned 2.27% of BJ's Wholesale Club worth $340,759,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Covestor Ltd increased its position in shares of BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the 1st quarter worth approximately $43,000. Tortoise Investment Management LLC increased its position in shares of BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after purchasing an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of BJ's Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after purchasing an additional 457 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of BJ's Wholesale Club during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

BJ traded down $0.81 during trading on Thursday, hitting $106.72. The stock had a trading volume of 1,238,083 shares, compared to its average volume of 1,688,188. The company has a 50 day moving average price of $112.37 and a 200-day moving average price of $107.58. The firm has a market cap of $14.09 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.98 and a beta of 0.45. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (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 return on equity of 31.98% and a net margin of 2.76%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. As a group, research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 2,100 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the sale, the senior vice president directly owned 14,240 shares in the company, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Ortega bought 1,740 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $114.60 per share, with a total value of $199,404.00. Following the completion of the transaction, the director owned 8,641 shares in the company, valued at approximately $990,258.60. This trade represents a 25.21% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 37,900 shares of company stock worth $4,172,628. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on BJ. Robert W. Baird boosted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. Loop Capital reissued a "hold" rating and set a $120.00 target price (up from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Roth Capital reissued a "neutral" rating and set a $106.00 target price (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Finally, Argus raised BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.