GAMMA Investing LLC Buys 685,211 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

GAMMA Investing LLC raised its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 17,333.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 689,164 shares of the company's stock after purchasing an additional 685,211 shares during the quarter. GAMMA Investing LLC owned approximately 0.52% of BJ's Wholesale Club worth $78,634,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of BJ's Wholesale Club by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock valued at $470,775,000 after purchasing an additional 504,958 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in BJ's Wholesale Club by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company's stock valued at $387,009,000 after purchasing an additional 43,106 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of BJ's Wholesale Club by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock valued at $229,808,000 after acquiring an additional 73,322 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of BJ's Wholesale Club by 4.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company's stock valued at $222,205,000 after acquiring an additional 99,311 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in BJ's Wholesale Club by 11.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after acquiring an additional 245,731 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Insider Activity at BJ's Wholesale Club

In related news, SVP Joseph Mcgrail sold 2,100 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 346,405 shares of company stock worth $39,457,128. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BJ. Robert W. Baird increased 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 report on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Barclays boosted their price objective on 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. Evercore ISI lowered their price objective on shares of 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. Finally, JPMorgan Chase & Co. upped their target price on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Stock Performance

Shares of BJ traded down $2.35 during midday trading on Thursday, reaching $108.93. The stock had a trading volume of 1,990,684 shares, compared to its average volume of 1,669,118. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10. The firm has a market cap of $14.34 billion, a PE ratio of 26.18, a P/E/G ratio of 4.50 and a beta of 0.59. The firm has a 50 day simple moving average of $115.11 and a 200-day simple moving average of $105.03. 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion for 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 firm's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts anticipate 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.