National Bank of Canada FI Buys Shares of 56,238 BJ's Wholesale Club Holdings, Inc. $BJ

National Bank of Canada FI bought a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 56,238 shares of the company's stock, valued at approximately $6,425,000.

Several other hedge funds have also recently made changes to their positions in BJ. Covestor Ltd increased its stake in shares of BJ's Wholesale Club by 66.5% during 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 period. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of BJ's Wholesale Club during the first quarter valued at approximately $33,000. HM Payson & Co. bought a new stake in shares of BJ's Wholesale Club during the first quarter valued at approximately $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of BJ's Wholesale Club during the first quarter valued at approximately $43,000. Finally, Wayfinding Financial LLC bought a new stake in shares of BJ's Wholesale Club during the first quarter valued at approximately $51,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the transaction, the executive vice president directly owned 114,127 shares of the company's stock, valued at $12,563,100.16. This represents a 33.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the completion of the transaction, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,061 shares of company stock valued at $15,027,745 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Stock Up 0.8%

BJ's Wholesale Club stock traded up $0.82 during mid-day trading on Monday, hitting $104.06. The company had a trading volume of 787,477 shares, compared to its average volume of 1,839,092. 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's 50 day moving average price is $107.73 and its two-hundred day moving average price is $110.00. 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 market capitalization of $13.74 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BJ shares. Robert W. Baird lifted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Loop Capital restated a "hold" rating and set a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Gordon Haskett lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research report on Friday. Wall Street Zen lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Wells Fargo & Company restated an "overweight" rating and set a $127.00 price target (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $115.33.

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.