International Assets Investment Management LLC Increases Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

International Assets Investment Management LLC grew its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 8,528.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,968 shares of the company's stock after purchasing an additional 273,758 shares during the period. International Assets Investment Management LLC owned approximately 0.21% of BJ's Wholesale Club worth $228,440,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in BJ's Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company's stock valued at $368,044,000 after purchasing an additional 2,571,709 shares during the period. Marshall Wace LLP boosted its stake 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 buying an additional 499,954 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in BJ's Wholesale Club by 201.8% during the second 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 during the period. Raymond James & Associates raised its position 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 worth $67,151,000 after acquiring an additional 382,114 shares in the last quarter. Finally, Delta Global Management LP acquired a new stake in BJ's Wholesale Club in the first quarter valued at $27,214,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BJ. Loop Capital upped 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. Roth Mkm increased their target price on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, August 23rd. JPMorgan Chase & Co. raised BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Bank of America dropped their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 23rd. Finally, Melius Research initiated coverage on BJ's Wholesale Club in a research report on Monday, September 23rd. They set a "buy" rating and a $90.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.31.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company's stock, valued at $1,133,710.62. This represents 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 at this hyperlink. In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the 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 completion of the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $2,841,820 in the last three months. Corporate insiders own 2.00% of the company's stock.

BJ's Wholesale Club Trading Down 0.5 %

BJ's Wholesale Club stock traded down $0.45 during trading on Friday, reaching $84.67. The company had a trading volume of 643,029 shares, compared to its average volume of 1,498,088. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock's 50 day moving average price is $83.15 and its two-hundred day moving average price is $83.59. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 3.27 and a beta of 0.25.

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

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.