NewEdge Wealth LLC purchased a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,225 shares of the company's stock, valued at approximately $2,811,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in BJ's Wholesale Club in the second quarter valued at about $1,087,503,000. Victory Capital Management Inc. grew its holdings in BJ's Wholesale Club by 57.2% during the fourth quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company's stock valued at $1,164,114,000 after purchasing an additional 4,704,423 shares during the period. Bank of New York Mellon Corp bought a new stake in BJ's Wholesale Club in the second quarter valued at approximately $179,649,000. Norges Bank bought a new position in shares of BJ's Wholesale Club during the fourth quarter worth $151,765,000. Finally, State Street Corp increased its position in shares of BJ's Wholesale Club by 25.4% in the 3rd quarter. State Street Corp now owns 5,082,478 shares of the company's stock valued at $473,941,000 after buying an additional 1,028,779 shares in the last quarter. Institutional investors own 98.60% of the company's stock.
BJ's Wholesale Club Trading Down 0.5%
Shares of NYSE:BJ opened at $91.35 on Friday. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $83.21 and a 52-week high of $106.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.73. The company has a market capitalization of $11.66 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 3.25 and a beta of 0.21. The company has a 50-day simple moving average of $91.39 and a 200 day simple moving average of $93.75.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.06. BJ's Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The company had revenue of $5.66 billion during the quarter, compared to analysts' expectations of $5.44 billion. During the same period last year, the firm posted $1.14 earnings per share. The business's revenue was up 9.9% on a year-over-year basis. Sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 4.53 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BJ. Gordon Haskett raised BJ's Wholesale Club from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research note on Wednesday, July 29th. UBS Group restated a "buy" rating on shares of BJ's Wholesale Club in a report on Monday. Citigroup dropped their price target on BJ's Wholesale Club from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of BJ's Wholesale Club in a report on Wednesday, July 8th. Finally, William Blair cut BJ's Wholesale Club from a "mixed" rating to a "hold" rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $105.33.
View Our Latest Stock Analysis on BJ's Wholesale Club
Insider Activity
In other news, CEO Robert W. Eddy sold 73,016 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the completion of the sale, the chief executive officer owned 282,330 shares in the company, valued at approximately $28,238,646.60. This trade represents a 20.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the completion of the transaction, the executive vice president owned 20,471 shares in the company, valued at approximately $1,886,812.07. This trade represents a 44.63% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.
About BJ's Wholesale Club
(
Free Report)
BJ's Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ's features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.
Founded in 1984 as a division of Zayre Corp., BJ's Wholesale Club quickly expanded throughout the Northeastern United States.
Further Reading
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).
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