JPMorgan Chase & Co. lessened its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,498,674 shares of the company's stock after selling 172,256 shares during the period. JPMorgan Chase & Co. owned about 1.89% of BJ's Wholesale Club worth $206,091,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the company. Lord Abbett & CO. LLC boosted its position in BJ's Wholesale Club by 11.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,371,169 shares of the company's stock valued at $113,094,000 after buying an additional 136,082 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of BJ's Wholesale Club in the third quarter valued at approximately $714,000. Franklin Resources Inc. boosted its holdings in shares of BJ's Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company's stock worth $408,926,000 after acquiring an additional 337,217 shares in the last quarter. Tidal Investments LLC grew its position in BJ's Wholesale Club by 66.9% during the 3rd quarter. Tidal Investments LLC now owns 37,016 shares of the company's stock worth $3,053,000 after acquiring an additional 14,831 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in BJ's Wholesale Club during the 3rd quarter worth approximately $55,000. Institutional investors own 98.60% of the company's stock.
Insiders Place Their Bets
In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares of the company's stock, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.
BJ's Wholesale Club Trading Down 0.3 %
NYSE BJ traded down $0.25 on Tuesday, reaching $89.35. The company had a trading volume of 1,001,776 shares, compared to its average volume of 1,500,342. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74. The stock's 50 day moving average is $91.79 and its 200-day moving average is $87.61. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 4.69 and a beta of 0.29.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $5.12 billion. During the same period in the prior year, the business posted $0.98 EPS. BJ's Wholesale Club's revenue was up 3.5% on a year-over-year basis. Equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have commented on BJ. TD Cowen boosted their price objective on BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Jefferies Financial Group lifted their price target on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Roth Mkm increased 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. UBS Group boosted their target price on shares of BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Finally, Melius Research initiated coverage on shares of BJ's Wholesale Club in a research note on Monday, September 23rd. They set a "buy" rating and a $90.00 price target on the stock. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus price target of $94.00.
View Our Latest Report on BJ's Wholesale Club
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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