Shay Capital LLC Purchases New Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Shay Capital LLC bought a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,500 shares of the company's stock, valued at approximately $223,000.

Several other large investors also recently added to or reduced their stakes in BJ. Franklin Resources Inc. boosted its position in shares of BJ's Wholesale Club by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock worth $470,775,000 after purchasing an additional 504,958 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of BJ's Wholesale Club by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company's stock worth $387,009,000 after buying an additional 43,106 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BJ's Wholesale Club by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock worth $229,808,000 after buying an additional 73,322 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of BJ's Wholesale Club by 4.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company's stock worth $222,205,000 after buying an additional 99,311 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of BJ's Wholesale Club by 11.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after buying an additional 245,731 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BJ. UBS Group decreased their price target on shares of BJ's Wholesale Club from $130.00 to $129.00 and set a "buy" rating on the stock in a research note on Friday. Robert W. Baird increased their target price on shares of 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. Loop Capital increased their target price on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Argus raised shares of BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Finally, Morgan Stanley increased their target price on shares of BJ's Wholesale Club from $98.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.06.

BJ's Wholesale Club Trading Up 0.6%

BJ stock traded up $0.72 during trading on Tuesday, hitting $119.04. The company had a trading volume of 2,047,338 shares, compared to its average volume of 1,677,214. 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 Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The company has a 50 day simple moving average of $114.16 and a 200-day simple moving average of $103.10. The firm has a market capitalization of $15.67 billion, a P/E ratio of 28.62, a PEG ratio of 4.50 and a beta of 0.59.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.29 billion. As a group, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $1,270,960.67. Following the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. This represents a 38.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 328,505 shares of company stock worth $37,452,686 in 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.