Impax Asset Management Group plc raised its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 50.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,955 shares of the company's stock after buying an additional 45,000 shares during the period. Impax Asset Management Group plc owned about 0.10% of BJ's Wholesale Club worth $11,131,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its position in shares of BJ's Wholesale Club by 11.9% during the first quarter. Commonwealth Equity Services LLC now owns 10,547 shares of the company's stock worth $798,000 after purchasing an additional 1,121 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of BJ's Wholesale Club by 231.3% during the first quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company's stock worth $16,829,000 after purchasing an additional 155,316 shares in the last quarter. Daiwa Securities Group Inc. increased its position in BJ's Wholesale Club by 1.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company's stock valued at $800,000 after acquiring an additional 200 shares during the period. Texas Permanent School Fund Corp increased its position in BJ's Wholesale Club by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 116,734 shares of the company's stock valued at $8,831,000 after acquiring an additional 1,209 shares during the period. Finally, Duality Advisers LP acquired a new position in BJ's Wholesale Club in the 1st quarter valued at about $3,308,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have weighed in on BJ. Melius Research began coverage on BJ's Wholesale Club in a report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price objective on the stock. Roth Mkm lifted their price objective on BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, August 23rd. Bank of America lowered their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 23rd. JPMorgan Chase & Co. raised BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Loop Capital boosted their price target on BJ's Wholesale Club from $80.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $86.31.
Check Out Our Latest Analysis on BJ
Insider Buying and Selling
In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock worth $2,818,390 over the last quarter. 2.00% of the stock is owned by company insiders.
BJ's Wholesale Club Stock Up 1.3 %
Shares of BJ stock traded up $1.14 during trading hours on Wednesday, hitting $89.22. 1,562,927 shares of the company were exchanged, compared to its average volume of 1,477,434. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ's Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The business's 50-day simple moving average is $83.29 and its two-hundred day simple moving average is $84.23. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 3.18 and a beta of 0.24.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.15 billion. During the same quarter last year, the company posted $0.97 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.
About BJ's Wholesale Club
(
Free Report)
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.
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