Resona Asset Management Co. Ltd. Makes New $1.82 Million Investment in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Resona Asset Management Co. Ltd. purchased a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 20,385 shares of the company's stock, valued at approximately $1,821,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverwater Partners LLC increased its position in shares of BJ's Wholesale Club by 1.6% during the fourth quarter. Riverwater Partners LLC now owns 11,577 shares of the company's stock valued at $1,034,000 after acquiring an additional 178 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of BJ's Wholesale Club during the 4th quarter worth approximately $531,000. Bryce Point Capital LLC purchased a new stake in BJ's Wholesale Club in the fourth quarter valued at approximately $463,000. Intrepid Capital Management Inc. lifted its stake in BJ's Wholesale Club by 12.1% during the fourth quarter. Intrepid Capital Management Inc. now owns 22,118 shares of the company's stock worth $1,976,000 after purchasing an additional 2,390 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in BJ's Wholesale Club by 4.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company's stock worth $222,205,000 after purchasing an additional 99,311 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

Insider Buying and Selling

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 280,400 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now directly owns 422,033 shares of the company's stock, valued at approximately $48,242,592.23. This trade represents a 39.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP William C. Werner sold 14,192 shares of BJ's Wholesale Club stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the transaction, the executive vice president now owns 26,113 shares in the company, valued at approximately $3,071,933.32. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 326,405 shares of company stock worth $37,201,232 in the last quarter. 2.00% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BJ shares. DA Davidson boosted their price objective on BJ's Wholesale Club from $123.00 to $130.00 and gave the company a "buy" rating in a report on Friday, March 7th. UBS Group increased their price target on shares of BJ's Wholesale Club from $108.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their price objective for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Finally, Loop Capital raised their price target on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.82.

BJ's Wholesale Club Stock Down 0.3 %

Shares of NYSE:BJ traded down $0.41 during trading on Tuesday, hitting $119.53. 422,501 shares of the company were exchanged, compared to its average volume of 1,651,832. The firm's 50 day moving average price is $109.21 and its 200-day moving average price is $97.93. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $71.81 and a 12-month high of $121.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock has a market capitalization of $15.74 billion, a P/E ratio of 28.70, a PEG ratio of 4.50 and a beta of 0.54.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The firm had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.29 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.