Massachusetts Financial Services Co. MA Buys 741,782 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Massachusetts Financial Services Co. MA lifted its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 29.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,228,685 shares of the company's stock after acquiring an additional 741,782 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.45% of BJ's Wholesale Club worth $368,393,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after acquiring an additional 115 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new stake in BJ's Wholesale Club in the first quarter valued at approximately $33,000. HM Payson & Co. bought a new stake in BJ's Wholesale Club in the first quarter valued at approximately $41,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of BJ's Wholesale Club in the first quarter worth approximately $43,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after buying an additional 457 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BJ's Wholesale Club news, Director Steven L. Ortega purchased 1,740 shares of the firm'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 purchase, the director owned 8,641 shares of the company's stock, valued at approximately $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares of the company's stock, valued at $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BJ shares. DA Davidson boosted their price objective on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Evercore ISI dropped 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 report on Tuesday, April 1st. Argus upgraded BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. Finally, Roth Capital restated a "neutral" rating and set a $106.00 target price (up previously from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $116.12.

BJ's Wholesale Club Trading Up 1.0%

Shares of BJ's Wholesale Club stock opened at $107.56 on Tuesday. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $111.94 and a 200-day moving average price of $107.96. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.94 and a beta of 0.45.

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

About BJ's Wholesale Club

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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