BJ's Wholesale Club Holdings, Inc. $BJ Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP significantly increased its stake in BJ's Wholesale Club by 449.6%, acquiring over 921,000 additional shares, bringing its total ownership to 1.1 million shares valued at approximately $128 million.
• Several analysts have upgraded BJ's Wholesale Club's stock ratings and target prices, with Wells Fargo setting a new price objective at $127, resulting in a consensus rating of "Moderate Buy."
• Insider trading activity includes CEO Robert W. Eddy selling 17,900 shares, reducing his ownership by 4.63%, while other executives have also decreased their holdings in recent transactions.

Wellington Management Group LLP lifted its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 449.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,126,001 shares of the company's stock after purchasing an additional 921,139 shares during the quarter. Wellington Management Group LLP owned 0.86% of BJ's Wholesale Club worth $128,477,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of BJ. Mariner LLC grew its position in BJ's Wholesale Club by 0.8% in the 4th quarter. Mariner LLC now owns 19,107 shares of the company's stock valued at $1,707,000 after buying an additional 146 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of BJ's Wholesale Club by 152.9% in the 4th quarter. NewEdge Advisors LLC now owns 9,174 shares of the company's stock worth $820,000 after acquiring an additional 5,547 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of BJ's Wholesale Club by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,392,826 shares of the company's stock valued at $124,453,000 after acquiring an additional 13,621 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of BJ's Wholesale Club by 224.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,121 shares of the company's stock valued at $815,000 after acquiring an additional 6,311 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of BJ's Wholesale Club by 9,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock valued at $70,000 after acquiring an additional 776 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BJ. Morgan Stanley upped their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 price objective (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Evercore ISI raised their target price on BJ's Wholesale Club from $115.00 to $117.00 and gave the company an "in-line" rating in a research note on Tuesday, August 12th. Loop Capital reaffirmed 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. Finally, UBS Group reissued a "buy" rating and issued a $135.00 price target on shares of BJ's Wholesale Club in a report on Wednesday, August 13th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $115.33.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the transaction, the chief executive officer owned 368,333 shares in the company, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the completion of the sale, the executive vice president directly owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,061 shares of company stock worth $15,027,745. Corporate insiders own 1.40% of the company's stock.

BJ's Wholesale Club Price Performance

NYSE BJ opened at $106.2160 on Friday. 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 1 year low of $76.33 and a 1 year high of $121.10. The company has a market cap of $14.03 billion, a PE ratio of 24.70, a PEG ratio of 2.97 and a beta of 0.43. The stock's 50-day moving average price is $107.44 and its two-hundred day moving average price is $110.03.

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, topping the consensus estimate of $0.91 by $0.23. The business 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 firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. On average, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current 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.

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