Massar Capital Management LP Purchases New Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Massar Capital Management LP acquired a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,944 shares of the company's stock, valued at approximately $2,318,000. BJ's Wholesale Club makes up approximately 2.6% of Massar Capital Management LP's investment portfolio, making the stock its 11th largest holding.

Several other large investors also recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in shares of BJ's Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares during the period. Tortoise Investment Management LLC lifted its position in BJ's Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after buying an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of BJ's Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after buying an additional 457 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of BJ's Wholesale Club during the 3rd quarter valued at $55,000. Finally, UMB Bank n.a. increased its stake in shares of BJ's Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after acquiring an additional 253 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BJ shares. Argus upgraded BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. The Goldman Sachs Group raised their price objective on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective on shares of BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Finally, Morgan Stanley increased their target price on shares of BJ's Wholesale Club from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $110.82.

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the sale, the senior vice president now directly owns 14,240 shares of the company's stock, valued at approximately $1,705,097.60. The trade was a 12.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Eddy sold 280,400 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the transaction, the chief executive officer now directly owns 422,033 shares of the company's stock, valued at approximately $48,242,592.23. The trade was a 39.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 328,505 shares of company stock valued at $37,452,686. Company insiders own 2.00% of the company's stock.

BJ's Wholesale Club Stock Down 3.6 %

BJ stock opened at $114.23 on Tuesday. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $73.01 and a twelve month high of $121.10. 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 company has a market cap of $15.04 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The business's 50-day simple moving average is $110.33 and its 200 day simple moving average is $99.07.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.29 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. On average, research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

About BJ's Wholesale Club

BJ's Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.

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