Pallas Capital Advisors LLC Takes Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Pallas Capital Advisors LLC bought a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,074 shares of the company's stock, valued at approximately $921,000.

A number of other institutional investors have also bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after acquiring an additional 115 shares during the last quarter. Tortoise Investment Management LLC raised its position in BJ's Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after purchasing an additional 233 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of BJ's Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after acquiring an additional 457 shares during the last quarter. State of Wyoming purchased a new stake in shares of BJ's Wholesale Club during the fourth quarter valued at $69,000. Finally, TD Waterhouse Canada Inc. grew its position in shares of BJ's Wholesale Club by 9,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock worth $70,000 after buying an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the transaction, the chief executive officer now directly owns 386,233 shares of the company's stock, valued at $43,250,371.34. This represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven L. Ortega bought 1,740 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $114.60 per share, with a total value of $199,404.00. Following the completion of the transaction, the director now directly owns 8,641 shares in the company, 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. Insiders have sold 346,405 shares of company stock worth $39,457,128 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

BJ's Wholesale Club Trading Up 0.2%

Shares of BJ stock traded up $0.19 on Thursday, hitting $108.91. The stock had a trading volume of 246,216 shares, compared to its average volume of 1,889,181. The firm has a market cap of $14.38 billion, a P/E ratio of 26.18, a PEG ratio of 4.50 and a beta of 0.47. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $114.49 and a two-hundred day moving average price of $105.72. 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 announced its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.91 by $0.23. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. As a group, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BJ has been the topic of several research reports. Cowen reissued a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. Evercore ISI cut their price target on shares of 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. The Goldman Sachs Group upped their price objective on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a report on Monday, March 10th. Finally, UBS Group reissued a "buy" rating and set a $135.00 target price (up previously from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Eight 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 company currently has an average rating of "Moderate Buy" and an average target price of $116.12.

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.