42,634 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Acquired by Informed Momentum Co LLC

Key Points

• Informed Momentum Co LLC took a new position of approximately $4.87 million in BJ's Wholesale Club Holdings, acquiring over 42,000 shares, making it the 13th largest holding in their portfolio.
• Institutional investors own about 98.6% of BJ's stock, with significant increases in holdings reported by firms like the Bank of New York Mellon Corp and Bessemer Group Inc..
• Analysts have a Moderate Buy consensus rating for BJ's Wholesale Club, with price targets ranging from $43.00 to $140.00 based on recent upgrades from multiple firms.

Informed Momentum Co LLC acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 42,634 shares of the company's stock, valued at approximately $4,865,000. BJ's Wholesale Club accounts for 0.8% of Informed Momentum Co LLC's portfolio, making the stock its 13th largest holding.

Several other institutional investors have also recently made changes to their positions in BJ. Covestor Ltd lifted its position in BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after buying an additional 115 shares during the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club during the first quarter worth approximately $33,000. HM Payson & Co. purchased a new stake in shares of BJ's Wholesale Club during the first quarter worth approximately $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club during the first quarter worth approximately $43,000. Finally, Wayfinding Financial LLC purchased a new position in BJ's Wholesale Club in the first quarter valued at approximately $51,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group reaffirmed a "buy" rating and set a $135.00 price target on shares of BJ's Wholesale Club in a report on Wednesday. DA Davidson raised their price target on BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Roth Capital reaffirmed a "neutral" rating and issued a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. JPMorgan Chase & Co. boosted their price target on BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Citigroup boosted their price target on BJ's Wholesale Club from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $111.06.

BJ's Wholesale Club Trading Up 0.4%

Shares of NYSE:BJ traded up $0.45 during midday trading on Friday, hitting $103.31. The company had a trading volume of 2,620,709 shares, compared to its average volume of 1,789,876. 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 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The stock has a market cap of $13.64 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.85 and a beta of 0.43. The firm has a fifty day simple moving average of $107.73 and a 200 day simple moving average of $109.86.

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 the consensus estimate of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company's revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven L. Ortega acquired 1,740 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of $114.60 per share, with a total value of $199,404.00. Following the acquisition, the director owned 8,641 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders have sold 138,061 shares of company stock valued at $15,027,745. 1.40% of the stock is owned by insiders.

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.