Great Lakes Advisors LLC increased its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) by 65.9% during the first quarter, according to its recent filing on Form 13F with the Securities and Exchange Commission . The institutional investor owned 5,572 shares of the company after purchasing an additional 2,214 shares during the quarter. Great Lakes Advisors LLC’s interests in BJ’s Wholesale Club were valued at $377,000 at the time of the most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also changed their positions in BJ. BlackRock Inc. increased its stake in BJ’s Wholesale Club by 4.7% in the fourth quarter. BlackRock Inc. now owns 15,634,593 shares of the Company’s stock valued at $1,047,047,000 after purchasing an additional 703,502 shares during the period. State Street Corp increased its stake in BJ’s Wholesale Club by 1.3% in the fourth quarter. State Street Corp now owns 4,298,793 shares of the company’s stock valued at $287,890,000 after purchasing an additional 53,453 shares during the period. Bank of America Corp DE increased its stake in BJ’s Wholesale Club by 3.9% in the fourth quarter. Bank of America Corp DE now owns 2,502,287 shares of the company valued at $167,577,000 after purchasing an additional 93,194 shares during the period. Geode Capital Management LLC increased its stake in BJ’s Wholesale Club by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,313,969 shares of the Company’s shares valued at $154,966,000 after purchasing an additional 51,803 shares during the period. Finally, GW&K Investment Management LLC increased its stake in BJ’s Wholesale Club by 5.0% during the fourth quarter. GW&K Investment Management LLC now owns 1,807,467 shares of the company’s stock valued at $121,046,000 after purchasing an additional 85,527 shares during the period. Institutional investors and hedge funds own 99.98% of the company’s shares.
BJ’s Wholesale Club Price Performance
NYSE BJ shares opened at $70.51 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $50.18 and a fifty-two week high of $74.09. The company’s 50-day simple moving average is $64.98 and its 200-day simple moving average is $63.86. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt to equity ratio of 1.04. The stock has a market cap of $9.53 billion, a P/E of 21.24, a P/E of 2.39, and a beta of 0.46.
The Wholesale Club of BJ (NYSE:BJ – Get Rating) last released its quarterly earnings data on Thursday, May 19th. The company reported earnings per share of $0.87 for the quarter, beating analysts’ consensus estimate of $0.73 by $0.14. BJ’s Wholesale Club had a net margin of 2.65% and a return on equity of 77.13%. The company made $4.50 billion in revenue for the quarter, compared to analysts’ expectations of $4.24 billion. In the same period last year, the company generated earnings per share of $0.72. The company’s revenue increased 16.2% year over year. Equities analysts expect BJ’s Wholesale Club Holdings, Inc. to post 3.31 EPS for the year to date.
Analysts set new price targets
A number of equity analysts have commented on the stock. Citigroup raised its price target on shares of BJ’s Wholesale Club to $63.00 from $58.00 and gave the stock a “neutral” rating in a report on Friday, May 20. JPMorgan Chase & Co. raised its price target on shares of BJ’s Wholesale Club to $58.00 from $57.00 and listed the company as “underweight” in a report Tuesday. Deutsche Bank Aktiengesellschaft increased its price target on shares of BJ’s Wholesale Club from $70.00 to $74.00 in a report on Friday, May 20. Robert W. Baird again issued a rating of “outperform” and a price target of $70.00 on shares of BJ’s Wholesale Club in a report on Monday, May 23. Finally, Jefferies Financial Group increased its price target on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, five with a hold rating and ten with a buy rating. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target of $66.73.
Insiders place their bets
In other news from BJ’s Wholesale Club, EVP Jeff Desroches sold 15,000 shares of the company’s stock in a transaction on Friday, July 8th. The shares sold at an average price of $66.58 for a total value of $998,700.00. Following the sale, the Executive Vice President now directly owns 93,597 shares of the company, valued at $6,231,688.26. The sale was disclosed in a document filed with the SEC, available at this hyperlink. In other news from BJ’s Wholesale Club, EVP Scott Kessler sold 9,514 shares of the company’s stock in a transaction on Wednesday June 15th. The shares sold at an average price of $59.31 for a total value of $564,275.34. Following the sale, the Executive Vice President now directly owns 128,326 shares of the Company, valued at $7,611,015.06. The sale was disclosed in a document filed with the SEC, available at this hyperlink. In addition, EVP Jeff Desroches sold 15,000 shares of the company’s stock in a transaction on Friday, July 8th. The stock sold at an average price of $66.58 for a total transaction of $998,700.00. Following the completion of the sale, the Executive Vice President now owns 93,597 shares of the Company, valued at $6,231,688.26. The disclosure for this sale can be found here. Over the past three months, insiders have sold 46,639 shares of the company’s shares, valued at $2,981,849. 2.10% of the shares are owned by company insiders.
BJ’s Wholesale Club Profile
(received rating)
BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It offers perishable goods, general goods, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile app.
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