Picton Mahoney Asset Management bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 139,201 shares of the company's stock, valued at approximately $15,883,000. Picton Mahoney Asset Management owned about 0.11% of BJ's Wholesale Club as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd raised its holdings in BJ's Wholesale Club by 66.5% in 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 last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the 1st quarter worth approximately $33,000. HM Payson & Co. purchased a new stake in shares of BJ's Wholesale Club in the first quarter valued at approximately $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the first quarter valued at approximately $43,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of BJ's Wholesale Club in 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 43,825 shares of BJ's Wholesale Club stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $106.65, for a total value of $4,673,936.25. Following the completion of the transaction, the executive vice president owned 172,563 shares in the company, valued at approximately $18,403,843.95. This trade represents a 20.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,625 shares of company stock worth $8,595,110. Corporate insiders own 1.40% of the company's stock.
BJ's Wholesale Club Stock Down 0.3%
NYSE:BJ opened at $103.85 on Tuesday. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The stock's fifty day moving average is $109.75 and its two-hundred day moving average is $109.02. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.88 and a beta of 0.45. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Wall Street Zen raised BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Morgan Stanley lifted their price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Robert W. Baird boosted their price target on shares of 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. UBS Group restated a "buy" rating and set a $135.00 price objective (up from $129.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Finally, Evercore ISI decreased their target price 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. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.
Get Our Latest Analysis on BJ's Wholesale Club
BJ's Wholesale Club Profile
(
Free Report)
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.
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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