D. E. Shaw & Co. Inc. Boosts Stock Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

D. E. Shaw & Co. Inc. raised its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 201.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,596 shares of the company's stock after purchasing an additional 395,573 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.45% of BJ's Wholesale Club worth $51,966,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Daymark Wealth Partners LLC bought a new position in shares of BJ's Wholesale Club in the second quarter valued at approximately $209,000. AQR Capital Management LLC purchased a new position in BJ's Wholesale Club during the 2nd quarter worth $1,254,000. AXA S.A. bought a new stake in shares of BJ's Wholesale Club in the 2nd quarter worth $2,112,000. Marshall Wace LLP raised its holdings in shares of BJ's Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company's stock valued at $74,488,000 after purchasing an additional 499,954 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of BJ's Wholesale Club by 2.2% during the second quarter. Bank of Montreal Can now owns 15,407 shares of the company's stock valued at $1,385,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

NYSE BJ traded down $0.04 during trading hours on Friday, reaching $82.02. 1,097,793 shares of the stock traded hands, compared to its average volume of 1,517,836. The stock has a 50 day simple moving average of $83.33 and a two-hundred day simple moving average of $82.27. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. On average, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.83 EPS for the current fiscal year.

Analysts Set New Price Targets

BJ has been the topic of several research analyst reports. Melius Research began coverage on BJ's Wholesale Club in a research report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price objective on the stock. Evercore ISI increased their price target on shares of BJ's Wholesale Club from $86.00 to $89.00 and gave the company an "in-line" rating in a research report on Thursday, June 20th. Wells Fargo & Company raised shares of BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, Loop Capital raised their price target on shares of 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 assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.31.

Insider Transactions at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares of the company's stock, valued at $35,395,884.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Graham Luce sold 16,596 shares of the business's stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the transaction, the executive vice president now directly owns 14,131 shares in the company, valued at $1,288,040.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,438 shares of company stock worth $6,980,938. Insiders own 2.00% of the company's stock.

BJ's Wholesale Club Company 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.