International Assets Investment Management LLC Makes New Investment in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

International Assets Investment Management LLC purchased a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 86,191 shares of the company's stock, valued at approximately $5,745,000. International Assets Investment Management LLC owned approximately 0.06% of BJ's Wholesale Club as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of BJ's Wholesale Club during the first quarter valued at $268,000. HighTower Advisors LLC boosted its stake in shares of BJ's Wholesale Club by 44.3% during the first quarter. HighTower Advisors LLC now owns 7,180 shares of the company's stock valued at $487,000 after acquiring an additional 2,203 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of BJ's Wholesale Club by 104.7% during the first quarter. PNC Financial Services Group Inc. now owns 10,961 shares of the company's stock valued at $741,000 after acquiring an additional 5,607 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of BJ's Wholesale Club by 7.4% during the first quarter. Bank of Montreal Can now owns 12,440 shares of the company's stock valued at $843,000 after acquiring an additional 862 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in BJ's Wholesale Club by 7.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 74,006 shares of the company's stock worth $5,143,000 after buying an additional 5,272 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the sale, the director now directly owns 173,294 shares in the company, valued at approximately $12,815,091.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other BJ's Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the sale, the director now directly owns 173,294 shares in the company, valued at approximately $12,815,091.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the sale, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,840 shares of company stock worth $7,331,235. 2.20% of the stock is currently owned by company insiders.

BJ's Wholesale Club Stock Up 0.1 %

Shares of NYSE:BJ traded up $0.10 during mid-day trading on Tuesday, hitting $76.25. 1,002,354 shares of the company traded hands, compared to its average volume of 1,392,168. The firm has a market cap of $10.14 billion, a P/E ratio of 19.70, a PEG ratio of 3.33 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $60.33 and a 52-week high of $80.42. The firm's 50 day simple moving average is $73.47 and its 200 day simple moving average is $69.30.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.38 billion. BJ's Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The company's revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. On average, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of research analyst reports. Wells Fargo & Company reissued an "equal weight" rating and issued a $70.00 price target (down from $73.00) on shares of BJ's Wholesale Club in a research note on Thursday, January 4th. Evercore ISI decreased their price target on BJ's Wholesale Club from $79.00 to $78.00 and set an "in-line" rating on the stock in a research note on Tuesday. Gordon Haskett lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a research note on Wednesday, February 7th. JPMorgan Chase & Co. raised their price target on BJ's Wholesale Club from $58.00 to $62.00 and gave the stock an "underweight" rating in a research note on Friday, March 1st. Finally, The Goldman Sachs Group raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their price target for the stock from $81.00 to $87.00 in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $74.40.

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.