Massar Capital Management LP Takes Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Massar Capital Management LP bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,944 shares of the company's stock, valued at approximately $2,318,000. BJ's Wholesale Club accounts for about 2.6% of Massar Capital Management LP's holdings, making the stock its 11th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in BJ. Covestor Ltd increased its holdings in shares of BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after acquiring an additional 115 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of BJ's Wholesale Club by 652.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after buying an additional 457 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of BJ's Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after buying an additional 233 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of BJ's Wholesale Club by 68.2% during the fourth quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after buying an additional 253 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of BJ's Wholesale Club during the third quarter worth about $55,000. Institutional investors and hedge funds own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BJ shares. Wells Fargo & Company reiterated an "overweight" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Argus upgraded BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Robert W. Baird raised their price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Barclays increased their price objective on BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, Citigroup upgraded shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, BJ's Wholesale Club presently has an average rating of "Moderate Buy" and a consensus target price of $110.82.

BJ's Wholesale Club Stock Performance

Shares of BJ traded down $0.55 during trading hours on Friday, hitting $111.91. The company had a trading volume of 1,437,963 shares, compared to its average volume of 1,648,961. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 4.50 and a beta of 0.54. The business has a fifty day moving average of $110.92 and a 200-day moving average of $99.79. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $73.93 and a 12 month high of $121.10. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. Equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity at BJ's Wholesale Club

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 transaction of $251,454.00. Following the sale, the senior vice president now directly owns 14,240 shares in the company, valued at $1,705,097.60. This represents a 12.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the sale, the director now owns 24,351 shares in the company, valued at $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,505 shares of company stock worth $37,452,686. Corporate insiders own 2.00% of the company's stock.

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.