9,083 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,083 shares of the company's stock, valued at approximately $749,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co boosted its stake in shares of BJ's Wholesale Club by 1.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 98,280 shares of the company's stock valued at $7,435,000 after purchasing an additional 1,794 shares during the period. Pitcairn Co. purchased a new stake in shares of BJ's Wholesale Club during the first quarter worth $733,000. Westwood Holdings Group Inc. raised its stake in shares of BJ's Wholesale Club by 19.4% in the first quarter. Westwood Holdings Group Inc. now owns 129,997 shares of the company's stock valued at $9,834,000 after acquiring an additional 21,156 shares in the last quarter. LRI Investments LLC acquired a new position in BJ's Wholesale Club during the 1st quarter worth $140,000. Finally, Mount Yale Investment Advisors LLC increased its holdings in BJ's Wholesale Club by 95.2% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 7,960 shares of the company's stock worth $602,000 after purchasing an additional 3,883 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Bank of America lowered 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 report on Friday, August 23rd. Wells Fargo & Company upped their target price on shares of BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Melius Research began coverage on shares of BJ's Wholesale Club in a report on Monday, September 23rd. They issued a "buy" rating and a $90.00 target price for the company. Roth Mkm upped 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. Finally, JPMorgan Chase & Co. raised 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 report on Monday, August 26th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $88.94.

BJ's Wholesale Club Trading Down 0.8 %

Shares of NYSE:BJ traded down $0.70 during mid-day trading on Wednesday, hitting $85.63. The stock had a trading volume of 2,963,951 shares, compared to its average volume of 1,473,653. The company has a market cap of $11.35 billion, a PE ratio of 21.62, a P/E/G ratio of 4.24 and a beta of 0.24. 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 company's 50 day moving average is $85.29 and its 200-day moving average is $85.15. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business's revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. On average, sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.83 EPS for the current year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club 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 completion of the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction dated Monday, August 26th. The stock was 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 in the company, valued at approximately $1,133,710.62. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $2,818,390 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

BJ's Wholesale Club 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.