Bessemer Group Inc. Increases Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Bessemer Group Inc. boosted its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 65.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,186,760 shares of the company's stock after purchasing an additional 1,662,415 shares during the period. BJ's Wholesale Club comprises 0.9% of Bessemer Group Inc.'s portfolio, making the stock its 24th biggest holding. Bessemer Group Inc. owned about 3.18% of BJ's Wholesale Club worth $477,709,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Covestor Ltd boosted its holdings in shares of BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares during the last quarter. Continuum Advisory LLC raised its position in BJ's Wholesale Club by 1,515.6% in the first quarter. Continuum Advisory LLC now owns 517 shares of the company's stock worth $59,000 after acquiring an additional 485 shares during the period. Brown Brothers Harriman & Co. boosted its stake 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 acquiring an additional 457 shares during the last quarter. Tortoise Investment Management LLC grew 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 valued at $47,000 after acquiring an additional 233 shares during the period. Finally, State of Wyoming purchased a new stake in shares of BJ's Wholesale Club in the 4th quarter worth $69,000. 98.60% of the stock is currently owned by institutional investors.

Insider Activity at BJ's Wholesale Club

In other news, Director Steven L. Ortega purchased 1,740 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $114.60 per share, with a total value of $199,404.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the business'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 transaction of $251,454.00. Following the transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 314,592 shares of company stock valued at $35,977,967 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on BJ. Robert W. Baird raised their target price on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Barclays raised their price objective on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Morgan Stanley upped their target price on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Argus raised BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Finally, Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Stock Down 0.2%

NYSE BJ traded down $0.20 on Thursday, reaching $113.56. 1,651,735 shares of the stock traded hands, compared to its average volume of 1,667,709. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. The company has a fifty day moving average price of $113.57 and a 200-day moving average price of $106.71. The company has a market cap of $14.99 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 3.34 and a beta of 0.47.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. The firm had revenue of $5.15 billion for 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. As a group, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.