Truist Financial Corp Purchases 14,329 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Truist Financial Corp raised its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,539 shares of the company's stock after buying an additional 14,329 shares during the period. Truist Financial Corp owned about 0.17% of BJ's Wholesale Club worth $20,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BJ. Kayne Anderson Rudnick Investment Management LLC increased its holdings in BJ's Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company's stock worth $368,044,000 after purchasing an additional 2,571,709 shares during the last quarter. Marshall Wace LLP boosted its stake in BJ's Wholesale Club by 143.6% during the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company's stock valued at $74,488,000 after acquiring an additional 499,954 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in BJ's Wholesale Club by 201.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company's stock worth $51,966,000 after acquiring an additional 395,573 shares in the last quarter. Raymond James & Associates increased its position in shares of BJ's Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company's stock worth $67,151,000 after purchasing an additional 382,114 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in shares of BJ's Wholesale Club by 17.6% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company's stock valued at $167,625,000 after purchasing an additional 377,019 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the sale, the chief executive officer now directly owns 456,792 shares in the company, valued at $40,014,979.20. The trade was 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. In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the sale, the chief executive officer now owns 456,792 shares of the company's stock, valued at $40,014,979.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeff Desroches sold 28,842 shares of the business's stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the sale, the executive vice president now directly owns 58,452 shares of the company's stock, valued at $5,252,496.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,438 shares of company stock valued at $6,946,288 in the last three months. Corporate insiders own 2.00% of the company's stock.

BJ's Wholesale Club Trading Up 1.0 %

BJ's Wholesale Club stock traded up $0.87 during midday trading on Friday, reaching $86.50. The stock had a trading volume of 1,557,567 shares, compared to its average volume of 1,515,702. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month 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 firm has a market cap of $11.48 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 3.02 and a beta of 0.24. The firm's fifty day simple moving average is $82.86 and its two-hundred day simple moving average is $82.49.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. 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 report on Thursday, July 11th. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Melius Research began 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 objective on the stock. Evercore ISI increased their price objective on shares of BJ's Wholesale Club from $86.00 to $89.00 and gave the stock an "in-line" rating in a research note on Thursday, June 20th. Finally, Wells Fargo & Company upgraded shares of BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.31.

About BJ's Wholesale Club

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.