Geode Capital Management LLC Boosts Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Geode Capital Management LLC increased its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,215,356 shares of the company's stock after buying an additional 34,940 shares during the quarter. Geode Capital Management LLC owned about 1.67% of BJ's Wholesale Club worth $182,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BJ. Barclays PLC lifted its holdings in BJ's Wholesale Club by 118.6% during the 3rd quarter. Barclays PLC now owns 144,652 shares of the company's stock valued at $11,931,000 after buying an additional 78,470 shares in the last quarter. O Brien Greene & Co. Inc increased its position in shares of BJ's Wholesale Club by 16.7% during the third quarter. O Brien Greene & Co. Inc now owns 3,500 shares of the company's stock worth $289,000 after purchasing an additional 500 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of BJ's Wholesale Club during the 3rd quarter valued at $518,000. Dean Investment Associates LLC boosted its position in shares of BJ's Wholesale Club by 10.4% in the 3rd quarter. Dean Investment Associates LLC now owns 32,723 shares of the company's stock worth $2,699,000 after purchasing an additional 3,081 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in BJ's Wholesale Club by 18.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 61,123 shares of the company's stock worth $5,041,000 after buying an additional 9,524 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ's Wholesale Club Stock Performance

Shares of BJ traded up $0.01 during trading hours on Monday, hitting $97.55. The stock had a trading volume of 1,407,464 shares, compared to its average volume of 1,506,147. The firm has a 50-day moving average price of $90.22 and a 200 day moving average price of $87.11. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two week high of $100.74. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 4.69 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.29. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The company's revenue was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on BJ shares. UBS Group increased their price target on BJ's Wholesale Club from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Wells Fargo & Company lifted their target price on shares of BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Jefferies Financial Group boosted their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Finally, TD Cowen boosted their price objective on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.56.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company's stock.

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.