Y Intercept Hong Kong Ltd Acquires New Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Y Intercept Hong Kong Ltd purchased a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,279 shares of the company's stock, valued at approximately $518,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BJ. Blue Trust Inc. acquired a new position in BJ's Wholesale Club during the 2nd quarter worth approximately $25,000. Davis Capital Management acquired a new position in BJ's Wholesale Club during the third quarter worth $25,000. UMB Bank n.a. raised its position in BJ's Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after acquiring an additional 293 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the third quarter valued at $41,000. Finally, Benjamin Edwards Inc. boosted its position in shares of BJ's Wholesale Club by 394.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company's stock worth $55,000 after purchasing an additional 501 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on BJ. 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 stock from $76.00 to $78.00 in a research report on Monday, August 26th. Jefferies Financial Group boosted their target price on BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Wells Fargo & Company raised their price target on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. TD Cowen boosted their price objective on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, UBS Group lifted their target price on shares of BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Six investment 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, the company has a consensus rating of "Moderate Buy" and an average price target of $93.56.

BJ's Wholesale Club Stock Up 0.1 %

Shares of BJ traded up $0.05 during midday trading on Monday, reaching $97.59. 1,407,481 shares of the company were exchanged, compared to its average volume of 1,506,147. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $64.06 and a 1-year high of $100.74. The stock has a 50-day moving average price of $90.43 and a 200-day moving average price of $87.19. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 4.69 and a beta of 0.29.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. BJ's Wholesale Club's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. Research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Insider Activity at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company's stock.

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.