BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. raised its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 27.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 512,837 shares of the company's stock after purchasing an additional 108,900 shares during the quarter. Factory Mutual Insurance Co. owned 0.39% of BJ's Wholesale Club worth $42,299,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of BJ's Wholesale Club in the second quarter worth $25,000. Davis Capital Management purchased a new position in shares of BJ's Wholesale Club in the third quarter worth $25,000. Rise Advisors LLC purchased a new position in shares of BJ's Wholesale Club in the first quarter worth $26,000. UMB Bank n.a. lifted its holdings in shares of BJ's Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after buying an additional 293 shares in the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in shares of BJ's Wholesale Club in the second quarter worth $45,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

NYSE:BJ traded down $0.47 during midday trading on Friday, hitting $86.77. The company's stock had a trading volume of 1,323,781 shares, compared to its average volume of 1,517,731. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The firm's 50 day moving average is $82.81 and its 200-day moving average is $83.03. 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 $11.52 billion, a P/E ratio of 22.54, a P/E/G ratio of 3.27 and a beta of 0.25.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. BJ's Wholesale Club's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BJ shares. Melius Research started coverage on shares of BJ's Wholesale Club in a research report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price target on the stock. Wells Fargo & Company upgraded shares of BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Loop Capital boosted 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. Bank of America reduced their price target on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Finally, Roth Mkm boosted their price target on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.31.

Insider Transactions at BJ's Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company's stock, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,438 shares of company stock valued at $6,946,288 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

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.