Bessemer Group Inc. Has $477.71 Million Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Bessemer Group Inc. boosted its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 65.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,186,760 shares of the company's stock after acquiring an additional 1,662,415 shares during the quarter. BJ's Wholesale Club accounts for 0.9% of Bessemer Group Inc.'s portfolio, making the stock its 24th largest position. Bessemer Group Inc. owned about 3.18% of BJ's Wholesale Club worth $477,709,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BJ. Norges Bank bought a new position in shares of BJ's Wholesale Club in the fourth quarter valued at approximately $135,344,000. Alliancebernstein L.P. lifted its position in BJ's Wholesale Club by 658.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock worth $136,100,000 after purchasing an additional 1,322,425 shares during the period. Raymond James Financial Inc. bought a new position in BJ's Wholesale Club during the 4th quarter valued at $85,550,000. GAMMA Investing LLC increased its position in shares of BJ's Wholesale Club by 17,333.9% during the 1st quarter. GAMMA Investing LLC now owns 689,164 shares of the company's stock valued at $78,634,000 after purchasing an additional 685,211 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of BJ's Wholesale Club by 3,526.9% in the 4th quarter. Deutsche Bank AG now owns 595,571 shares of the company's stock worth $53,214,000 after buying an additional 579,150 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 0.8%

NYSE:BJ traded up $0.91 during trading hours on Friday, hitting $114.40. 2,322,880 shares of the company's stock traded hands, compared to its average volume of 1,672,770. The stock's fifty day moving average price is $113.39 and its two-hundred day moving average price is $106.94. The firm has a market cap of $15.11 billion, a P/E ratio of 26.60, a P/E/G ratio of 3.33 and a beta of 0.47. 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 twelve month low of $76.33 and a twelve month high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The company had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.18 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BJ shares. JPMorgan Chase & Co. raised their target price on BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Argus upgraded shares of BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. DA Davidson lifted their price objective on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" 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 note on Saturday, May 24th. Finally, Wells Fargo & Company restated an "overweight" rating and issued 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. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and an average price target of $116.12.

Insider Buying and Selling

In other news, SVP Joseph Mcgrail sold 2,100 shares of BJ's Wholesale Club stock in a transaction dated 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 now directly owns 14,240 shares in the company, valued at $1,705,097.60. The trade was a 12.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was purchased at an average cost of $114.60 per share, with a total value of $199,404.00. Following the purchase, the director now owns 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 314,592 shares of company stock worth $35,977,967. Corporate insiders own 1.40% of the company's stock.

BJ's Wholesale Club 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.