Twinbeech Capital LP Buys New Stake 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) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,118 shares of the company's stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BJ. Franklin Resources Inc. lifted its holdings in BJ's Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock valued at $470,775,000 after purchasing an additional 504,958 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in BJ's Wholesale Club by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company's stock valued at $387,009,000 after acquiring an additional 43,106 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of BJ's Wholesale Club by 2.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock worth $229,808,000 after acquiring an additional 73,322 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of BJ's Wholesale Club by 4.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company's stock worth $222,205,000 after buying an additional 99,311 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in 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 worth $208,218,000 after acquiring an additional 245,731 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

NYSE BJ traded down $1.76 during trading hours on Tuesday, hitting $114.72. 903,578 shares of the company's stock traded hands, compared to its average volume of 1,669,533. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market capitalization of $15.10 billion, a PE ratio of 27.63, a PEG ratio of 4.50 and a beta of 0.59. The firm's 50-day moving average is $114.87 and its 200-day moving average is $104.09.

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, beating the consensus estimate of $0.91 by $0.23. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. BJ's Wholesale Club's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Equities analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BJ. Wells Fargo & Company reissued an "overweight" rating and set a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a research note on Friday. Robert W. Baird boosted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price objective (up from $110.00) on shares of BJ's Wholesale Club in a report on Friday. Cowen reissued a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Finally, Barclays increased their price target on BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.75.

Insider Buying and Selling at BJ's Wholesale Club

In other news, EVP William C. Werner sold 14,192 shares of BJ's Wholesale Club stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total value of $1,669,546.88. Following the completion of the transaction, the executive vice president now owns 26,113 shares in the company, valued at approximately $3,071,933.32. This trade represents a 35.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. The trade was a 12.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 328,505 shares of company stock valued at $37,452,686 over the last 90 days. 2.00% of the stock is owned by insiders.

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.