XTX Topco Ltd Purchases 11,081 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Key Points

• XTX Topco Ltd has significantly increased its stake in BJ's Wholesale Club, purchasing an additional 11,081 shares to bring its total holdings to 18,199 shares, valued at approximately $2.08 million.
• Other institutional investors have also ramped up their investments in BJ's, with Bank of New York Mellon raising its stake by 199.7% and GAMMA Investing increasing its position by an astonishing 17,333.9%.
• BJ's Wholesale Club reported a 4.8% year-over-year increase in revenue, reaching $5.15 billion, and beat earnings expectations with an EPS of $1.14, surpassing estimates by $0.23.

XTX Topco Ltd lifted its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 155.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,199 shares of the company's stock after acquiring an additional 11,081 shares during the quarter. XTX Topco Ltd's holdings in BJ's Wholesale Club were worth $2,077,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of BJ's Wholesale Club by 199.7% in 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 acquiring an additional 1,989,980 shares during the last quarter. Bessemer Group Inc. raised its position in BJ's Wholesale Club by 65.9% in the 1st 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. Alliancebernstein L.P. lifted its holdings in BJ's Wholesale Club by 658.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock worth $136,100,000 after buying an additional 1,322,425 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in BJ's Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock worth $368,393,000 after buying an additional 741,782 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in BJ's Wholesale Club by 17,333.9% in the 1st quarter. GAMMA Investing LLC now owns 689,164 shares of the company's stock valued at $78,634,000 after buying an additional 685,211 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

BJ's Wholesale Club Stock Performance

Shares of BJ stock opened at $105.13 on Thursday. 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 market capitalization of $13.88 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.90 and a beta of 0.45. The company has a 50-day simple moving average of $109.23 and a 200 day simple moving average of $108.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $1.14 EPS 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 the consensus estimate of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The firm's revenue for the quarter 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. On average, sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, Director Steven L. Ortega purchased 1,740 shares of the stock in a transaction that occurred 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 owned 8,641 shares in the company, valued at $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares of the company's stock, valued at $39,441,097.64. This represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,625 shares of company stock worth $8,595,110 in the last 90 days. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BJ. DA Davidson upped their price target on BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Citigroup boosted their price objective on BJ's Wholesale Club from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. UBS Group reaffirmed a "buy" rating and issued a $135.00 target price (up previously from $129.00) on shares of BJ's Wholesale Club in a research note 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 stock an "outperform" rating in a research note on Friday, May 23rd. Finally, Morgan Stanley raised their price objective 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. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $111.00.

BJ's Wholesale Club 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.

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