Twinbeech Capital LP Invests $547,000 in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Twinbeech Capital LP purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,118 shares of the company's stock, valued at approximately $547,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC grew its position in shares of BJ's Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock valued at $208,218,000 after purchasing an additional 245,731 shares in the last quarter. Intech Investment Management LLC grew its position in shares of BJ's Wholesale Club by 278.6% during the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock valued at $4,822,000 after purchasing an additional 39,713 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of BJ's Wholesale Club by 151.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock valued at $1,768,000 after purchasing an additional 11,928 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of BJ's Wholesale Club during the fourth quarter valued at about $307,000. Finally, Wealthfront Advisers LLC grew its position in shares of BJ's Wholesale Club by 1,462.2% during the fourth quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company's stock valued at $4,843,000 after purchasing an additional 50,738 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

BJ has been the subject of a number of research analyst reports. Robert W. Baird raised their price objective 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. 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 research report on Friday, May 23rd. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. DA Davidson lifted their price target on BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $116.75.

BJ's Wholesale Club Stock Performance

NYSE:BJ traded down $1.61 during mid-day trading on Wednesday, hitting $113.34. The company's stock had a trading volume of 293,143 shares, compared to its average volume of 1,666,749. The business's fifty day moving average is $115.00 and its two-hundred day moving average is $104.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 4.50 and a beta of 0.59.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share 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 firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. Analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the sale, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares of the company's stock, valued at approximately $2,619,924.09. The trade was a 32.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 328,505 shares of company stock worth $37,452,686 in the last 90 days. Insiders own 1.40% of the company's stock.

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.