Quantinno Capital Management LP Acquires 7,374 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Quantinno Capital Management LP lifted its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 44.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,900 shares of the company's stock after purchasing an additional 7,374 shares during the quarter. Quantinno Capital Management LP's holdings in BJ's Wholesale Club were worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in shares of BJ's Wholesale Club during the 2nd quarter valued at approximately $25,000. Davis Capital Management acquired a new stake in BJ's Wholesale Club during the 3rd quarter worth approximately $25,000. UMB Bank n.a. grew its holdings in BJ's Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after acquiring an additional 293 shares during the last quarter. Reston Wealth Management LLC bought a new stake in BJ's Wholesale Club during the 3rd quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp bought a new stake in BJ's Wholesale Club during the 2nd quarter worth approximately $45,000. 98.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of research reports. Bank of America reduced their target price on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Wells Fargo & Company boosted their target price on shares of BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Jefferies Financial Group boosted their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, 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 objective on the stock. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.56.

BJ's Wholesale Club Stock Down 1.2 %

NYSE:BJ traded down $1.19 on Thursday, hitting $98.57. The stock had a trading volume of 1,322,172 shares, compared to its average volume of 1,508,364. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74. The business's fifty day moving average is $90.00 and its 200 day moving average is $87.03. The company has a market cap of $13.02 billion, a PE ratio of 23.69, a P/E/G ratio of 4.50 and a beta of 0.29.

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

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now directly owns 423,792 shares of the company's stock, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.