Hussman Strategic Advisors Inc. Increases Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Hussman Strategic Advisors Inc. grew its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,500 shares of the company's stock after acquiring an additional 10,500 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in BJ's Wholesale Club were worth $2,100,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Global Retirement Partners LLC raised its holdings in BJ's Wholesale Club by 45.3% in the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company's stock worth $34,000 after acquiring an additional 153 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in shares of BJ's Wholesale Club during the fourth quarter valued at $46,000. Huntington National Bank lifted its holdings in shares of BJ's Wholesale Club by 159.9% during the third quarter. Huntington National Bank now owns 668 shares of the company's stock valued at $48,000 after purchasing an additional 411 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of BJ's Wholesale Club during the first quarter valued at $50,000. Finally, First Horizon Advisors Inc. increased its holdings in BJ's Wholesale Club by 23.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 824 shares of the company's stock worth $59,000 after buying an additional 159 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their target price for the company from $81.00 to $87.00 in a research note on Monday, April 8th. Gordon Haskett cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a report on Wednesday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of BJ's Wholesale Club from $58.00 to $62.00 and gave the company an "underweight" rating in a research note on Friday, March 1st. Wells Fargo & Company restated 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. Finally, Evercore ISI reduced their price objective on BJ's Wholesale Club from $79.00 to $78.00 and set an "in-line" rating for the company in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $74.40.

BJ's Wholesale Club Stock Performance

Shares of NYSE BJ traded up $1.17 during trading on Friday, hitting $73.74. The company had a trading volume of 1,754,848 shares, compared to its average volume of 1,711,680. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $80.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The firm has a market capitalization of $9.80 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 3.19 and a beta of 0.26. The stock has a 50 day simple moving average of $73.91 and a 200 day simple moving average of $69.38.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $5.38 billion. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 EPS. As a group, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Christopher J. Baldwin sold 73,062 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the transaction, the director now directly owns 173,294 shares in the company, valued at $12,815,091.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other BJ's Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the sale, the director now directly owns 173,294 shares of the company's stock, valued at approximately $12,815,091.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares in the company, valued at approximately $38,410,746.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,840 shares of company stock valued at $7,408,605. Company insiders own 2.20% of the company's stock.

BJ's Wholesale Club 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.