Oddo BHF Asset Management Sas Acquires New Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Oddo BHF Asset Management Sas bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,651 shares of the company's stock, valued at approximately $714,000.

A number of other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in BJ's Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company's stock valued at $408,926,000 after acquiring an additional 337,217 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of BJ's Wholesale Club by 66.9% during the third quarter. Tidal Investments LLC now owns 37,016 shares of the company's stock worth $3,053,000 after purchasing an additional 14,831 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in BJ's Wholesale Club during the third quarter worth approximately $55,000. Sanctuary Advisors LLC increased its position in BJ's Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company's stock worth $3,215,000 after purchasing an additional 21,957 shares in the last quarter. Finally, Anchor Investment Management LLC raised its holdings in shares of BJ's Wholesale Club by 47.3% during the 3rd quarter. Anchor Investment Management LLC now owns 2,037 shares of the company's stock valued at $168,000 after buying an additional 654 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares of the company's stock, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

BJ's Wholesale Club Trading Down 1.0 %

Shares of BJ's Wholesale Club stock traded down $0.99 on Friday, hitting $97.54. 1,072,921 shares of the company's stock traded hands, compared to its average volume of 1,506,557. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 4.69 and a beta of 0.29. The company has a fifty day moving average of $90.22 and a two-hundred day moving average of $87.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ's Wholesale Club Holdings, Inc. has a one year low of $64.06 and a one year high of $100.74.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.29. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same period last year, the company posted $0.98 earnings per share. BJ's Wholesale Club's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BJ. Roth Mkm upped their price target on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. Morgan Stanley boosted their price objective on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $76.00 to $78.00 in a research note on Monday, August 26th. 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 for the company in a report on Friday, August 23rd. Finally, Jefferies Financial Group increased their target price on BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.56.

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.