Covea Finance Purchases New Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Covea Finance bought a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,500 shares of the company's stock, valued at approximately $2,567,000.

Other large investors have also modified their holdings of the company. Covestor Ltd lifted its stake 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 in the last quarter. Tortoise Investment Management LLC raised its holdings in BJ's Wholesale Club by 78.7% in 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 last quarter. Brown Brothers Harriman & Co. raised its holdings in BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after acquiring an additional 457 shares during the last quarter. State of Wyoming purchased a new position in BJ's Wholesale Club in the 4th quarter worth approximately $69,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of BJ's Wholesale Club by 9,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock worth $70,000 after purchasing an additional 776 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Insider Buying and Selling

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 280,400 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the transaction, the chief executive officer now owns 422,033 shares in the company, valued at $48,242,592.23. The trade was a 39.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William C. Werner sold 14,192 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the sale, the executive vice president now owns 26,113 shares in the company, valued at $3,071,933.32. The trade was a 35.21% decrease in their ownership of the stock. 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 in the last ninety days. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Trading Down 0.5%

Shares of BJ stock traded down $0.62 on Tuesday, hitting $114.19. The stock had a trading volume of 1,369,055 shares, compared to its average volume of 1,666,298. The company's 50 day moving average price is $113.71 and its 200-day moving average price is $106.61. 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 debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The firm has a market capitalization of $15.08 billion, a P/E ratio of 26.56, a P/E/G ratio of 3.24 and a beta of 0.47.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. Analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BJ has been the subject of several recent research reports. DA Davidson increased their price target on BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, May 23rd. UBS Group reaffirmed a "buy" rating and issued a $135.00 target price (up from $129.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Robert W. Baird lifted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a 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 report on Friday, May 23rd. Finally, Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

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.