Barclays PLC Boosts Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Barclays PLC raised its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 118.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 144,652 shares of the company's stock after purchasing an additional 78,470 shares during the quarter. Barclays PLC owned 0.11% of BJ's Wholesale Club worth $11,931,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of BJ's Wholesale Club during the second quarter valued at $25,000. Davis Capital Management purchased a new position in BJ's Wholesale Club in the 3rd quarter worth about $25,000. UMB Bank n.a. lifted its stake in BJ's Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock valued at $31,000 after acquiring an additional 293 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club during the 3rd quarter valued at about $41,000. Finally, Benjamin Edwards Inc. grew its stake in shares of BJ's Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company's stock worth $55,000 after acquiring an additional 501 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ's Wholesale Club Price Performance

BJ stock traded up $0.01 during trading on Monday, reaching $97.55. The company's stock had a trading volume of 1,407,450 shares, compared to its average volume of 1,506,147. The company's fifty day moving average is $90.22 and its 200-day moving average is $87.11. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $64.06 and a 1 year high of $100.74. The company has a market capitalization of $12.89 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 4.69 and a beta of 0.29. 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 (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $5.12 billion. During the same quarter last year, the business posted $0.98 earnings per share. The firm's revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BJ. Bank of America cut their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 23rd. Morgan Stanley boosted their price target on BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Friday, November 22nd. TD Cowen increased their price objective on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday. Roth Mkm raised their price objective on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, November 25th. Finally, Melius Research assumed coverage on shares of BJ's Wholesale Club in a report on Monday, September 23rd. They set a "buy" rating and a $90.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.56.

About BJ's Wholesale Club

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.