10,048 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,048 shares of the company's stock, valued at approximately $828,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BJ. Creative Planning grew its stake in shares of BJ's Wholesale Club by 10.7% during the 2nd quarter. Creative Planning now owns 9,298 shares of the company's stock worth $817,000 after purchasing an additional 898 shares during the period. Raymond James & Associates increased its holdings in BJ's Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company's stock valued at $67,151,000 after buying an additional 382,114 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of BJ's Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company's stock worth $531,118,000 after acquiring an additional 217,385 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of BJ's Wholesale Club by 123.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company's stock worth $132,000 after acquiring an additional 828 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in shares of BJ's Wholesale Club by 7.1% during the 3rd quarter. New York State Teachers Retirement System now owns 149,092 shares of the company's stock worth $12,297,000 after acquiring an additional 9,925 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Price Performance

Shares of NYSE BJ traded down $1.19 during midday trading on Thursday, hitting $98.57. The company had a trading volume of 1,322,172 shares, compared to its average volume of 1,508,364. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 4.50 and a beta of 0.29. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $64.06 and a twelve month high of $100.74. The business has a 50-day simple moving average of $90.00 and a two-hundred day simple moving average of $87.03. 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 posted its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.29. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. Equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company's 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 sale, the chief executive officer now owns 423,792 shares of the company's stock, valued at $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on BJ. JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. UBS Group lifted their price target on shares of 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. Bank of America reduced their price objective on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Jefferies Financial Group lifted their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Morgan Stanley upped their price target on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and an average price target of $93.56.

BJ's Wholesale Club Profile

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.