91,292 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Purchased by Prana Capital Management LP

Prana Capital Management LP purchased a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 91,292 shares of the company's stock, valued at approximately $8,157,000. Prana Capital Management LP owned 0.07% of BJ's Wholesale Club as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Barclays PLC raised its holdings in shares of BJ's Wholesale Club by 118.6% in the 3rd quarter. Barclays PLC now owns 144,652 shares of the company's stock worth $11,931,000 after purchasing an additional 78,470 shares during the period. Wedmont Private Capital increased its position in BJ's Wholesale Club by 9.0% during the 4th quarter. Wedmont Private Capital now owns 2,822 shares of the company's stock worth $273,000 after purchasing an additional 233 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in BJ's Wholesale Club by 10.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,796 shares of the company's stock valued at $518,000 after buying an additional 548 shares during the period. Park Avenue Securities LLC lifted its position in BJ's Wholesale Club by 30.3% during the fourth quarter. Park Avenue Securities LLC now owns 10,647 shares of the company's stock valued at $951,000 after buying an additional 2,477 shares in the last quarter. Finally, Cox Capital Mgt LLC grew its stake in BJ's Wholesale Club by 2.9% during the fourth quarter. Cox Capital Mgt LLC now owns 16,117 shares of the company's stock worth $1,440,000 after buying an additional 461 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

BJ stock traded up $0.91 on Tuesday, reaching $119.23. The company's stock had a trading volume of 634,771 shares, compared to its average volume of 1,905,397. 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 $15.70 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59. The firm has a fifty day moving average of $114.16 and a two-hundred day moving average of $103.10.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BJ shares. Loop Capital raised their target price on BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a report on Friday, March 7th. Wells Fargo & Company reissued an "overweight" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. UBS Group lowered their target price on BJ's Wholesale Club from $130.00 to $129.00 and set a "buy" rating for the company in a research note on Friday. Finally, DA Davidson boosted their price target on BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.06.

Insider Activity

In other news, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Joseph Mcgrail sold 2,100 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 328,505 shares of company stock worth $37,452,686 over the last three months. Corporate insiders own 2.00% of the company's stock.

BJ's Wholesale Club Company 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.