New York State Teachers Retirement System Grows Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

New York State Teachers Retirement System increased its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,092 shares of the company's stock after acquiring an additional 9,925 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of BJ's Wholesale Club worth $12,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Creative Planning increased its holdings in shares of BJ's Wholesale Club by 10.7% during the second quarter. Creative Planning now owns 9,298 shares of the company's stock valued at $817,000 after acquiring an additional 898 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of BJ's Wholesale Club by 231.3% in the first quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company's stock worth $16,829,000 after buying an additional 155,316 shares in the last quarter. Raymond James & Associates grew its holdings in shares of BJ's Wholesale Club by 99.9% during 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 during the last quarter. Tidal Investments LLC increased its position in shares of BJ's Wholesale Club by 96.8% during the first quarter. Tidal Investments LLC now owns 19,840 shares of the company's stock valued at $1,501,000 after acquiring an additional 9,759 shares in the last quarter. Finally, LVW Advisors LLC purchased a new position in BJ's Wholesale Club in the 2nd quarter worth approximately $589,000. 98.60% of the stock is currently owned by institutional investors.

BJ's Wholesale Club Stock Performance

NYSE BJ traded up $0.91 on Friday, hitting $85.64. 916,488 shares of the company traded hands, compared to its average volume of 1,194,816. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The business's 50 day moving average price is $83.11 and its 200-day moving average price is $83.96. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 3.14 and a beta of 0.24. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37.

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 (EPS) for the quarter, beating 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 company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the company posted $0.97 EPS. The firm's revenue was up 4.9% on a year-over-year basis. Equities analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BJ. Wells Fargo & Company raised BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Roth Mkm lifted their price objective on BJ's Wholesale Club from $68.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and upped their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Melius Research started coverage on shares of BJ's Wholesale Club in a research note on Monday, September 23rd. They issued a "buy" rating and a $90.00 price target for the company. Finally, Bank of America decreased 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 report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and an average target price of $86.31.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business's 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 sale, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 445,792 shares of the company's stock, valued at $35,395,884.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock valued at $2,818,390. Company 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.