Congress Asset Management Co. Grows Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Congress Asset Management Co. grew its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 254,223 shares of the company's stock after buying an additional 35,266 shares during the quarter. Congress Asset Management Co. owned approximately 0.19% of BJ's Wholesale Club worth $29,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BJ. Norges Bank bought a new position in shares of BJ's Wholesale Club in the 4th quarter worth approximately $135,344,000. Alliancebernstein L.P. raised its position in shares of BJ's Wholesale Club by 658.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock worth $136,100,000 after acquiring an additional 1,322,425 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of BJ's Wholesale Club in the 4th quarter worth approximately $85,550,000. GAMMA Investing LLC raised its position in shares of BJ's Wholesale Club by 17,333.9% in the 1st quarter. GAMMA Investing LLC now owns 689,164 shares of the company's stock worth $78,634,000 after acquiring an additional 685,211 shares in the last quarter. Finally, Deutsche Bank AG raised its position 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 acquiring an additional 579,150 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 1.8%

BJ's Wholesale Club stock opened at $111.07 on Friday. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 4.50 and a beta of 0.47. The stock has a fifty day simple moving average of $114.93 and a two-hundred day simple moving average of $105.50. 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 current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its 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. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. Equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the sale, the chief executive officer now owns 386,233 shares of the company's stock, valued at approximately $43,250,371.34. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven L. Ortega acquired 1,740 shares of the business's 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 acquisition, the director now directly owns 8,641 shares of the company's stock, valued at $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 346,405 shares of company stock valued at $39,457,128. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BJ shares. Argus raised BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. Loop Capital reissued a "hold" rating and issued a $120.00 target price (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Wall Street Zen raised BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Finally, Evercore ISI reduced their price objective on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average price target of $116.12.

BJ's Wholesale Club Company 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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