iSAM Funds UK Ltd Makes New Investment in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

iSAM Funds UK Ltd acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,439 shares of the company's stock, valued at approximately $843,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of BJ's Wholesale Club during the fourth quarter valued at about $135,344,000. Alliancebernstein L.P. raised its stake in BJ's Wholesale Club by 658.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock worth $136,100,000 after buying an additional 1,322,425 shares during the period. Raymond James Financial Inc. bought a new position in BJ's Wholesale Club in the fourth quarter worth approximately $85,550,000. Deutsche Bank AG grew its stake in BJ's Wholesale Club by 3,526.9% in the fourth quarter. Deutsche Bank AG now owns 595,571 shares of the company's stock valued at $53,214,000 after acquiring an additional 579,150 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of BJ's Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock valued at $470,775,000 after acquiring an additional 504,958 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BJ. Evercore ISI cut their target price on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Barclays boosted their price objective on BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Robert W. Baird lifted their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have issued 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 $112.06.

Insiders Place Their Bets

In other news, Director Robert Allan Steele sold 11,813 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the transaction, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. The trade was a 32.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William C. Werner sold 20,000 shares of BJ's Wholesale Club stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the sale, the executive vice president now directly owns 31,308 shares of the company's stock, valued at $3,456,716.28. This represents a 38.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 328,505 shares of company stock worth $37,452,686 in the last quarter. 2.00% of the stock is owned by company insiders.

BJ's Wholesale Club Price Performance

Shares of NYSE:BJ opened at $118.27 on Tuesday. The firm has a market capitalization of $15.57 billion, a PE ratio of 28.43, a P/E/G ratio of 4.50 and a beta of 0.59. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $114.16 and a two-hundred day moving average price of $103.10. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. Equities analysts forecast 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.

Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.