PNC Financial Services Group Inc. Raises Stock Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

PNC Financial Services Group Inc. raised its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 37.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,002 shares of the company's stock after purchasing an additional 3,299 shares during the period. PNC Financial Services Group Inc.'s holdings in BJ's Wholesale Club were worth $1,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in BJ's Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after purchasing an additional 1,989,980 shares during the last quarter. Bessemer Group Inc. boosted its holdings in BJ's Wholesale Club by 65.9% during the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock worth $477,709,000 after purchasing an additional 1,662,415 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in BJ's Wholesale Club by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock worth $368,393,000 after purchasing an additional 741,782 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. purchased a new position in BJ's Wholesale Club during the first quarter worth about $79,292,000. Finally, GAMMA Investing LLC boosted its stake in BJ's Wholesale Club by 17,333.9% in the first quarter. GAMMA Investing LLC now owns 689,164 shares of the company's stock valued at $78,634,000 after acquiring an additional 685,211 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the completion of the transaction, the executive vice president directly owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. This trade represents a 33.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven L. Ortega purchased 1,740 shares of BJ's Wholesale Club stock in a transaction on Tuesday, May 27th. The shares were acquired 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 directly owned 8,641 shares in the company, valued at $990,258.60. The trade was a 25.21% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 138,061 shares of company stock valued at $15,027,745. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of research analyst reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Morgan Stanley boosted their target price on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. UBS Group reiterated a "buy" rating and issued a $135.00 target price (up from $129.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Evercore ISI boosted their target price on shares of BJ's Wholesale Club from $115.00 to $117.00 and gave the company an "in-line" rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $111.41.

BJ's Wholesale Club Stock Up 0.3%

NYSE BJ traded up $0.31 during trading on Tuesday, reaching $107.75. 2,756,217 shares of the company's stock traded hands, compared to its average volume of 1,589,091. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The company's 50 day simple moving average is $108.16 and its two-hundred day simple moving average is $109.84. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10.

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

BJ's Wholesale Club Company 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.