2,260 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Bought by Mather Group LLC.

Mather Group LLC. purchased a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,260 shares of the company’s stock, valued at approximately $171,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in BJ’s Wholesale Club in the fourth quarter worth $40,000. First Horizon Advisors Inc. lifted its holdings in shares of BJ’s Wholesale Club by 36.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock valued at $75,000 after purchasing an additional 302 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at $78,000. Psagot Value Holdings Ltd. Israel bought a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at $80,000. Finally, GAMMA Investing LLC bought a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at $88,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $88.56 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.45 and a 52 week high of $90.43. The business has a 50-day simple moving average of $81.06 and a two-hundred day simple moving average of $73.51. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.20 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. On average, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BJ shares. DA Davidson upped their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Evercore ISI upped their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a report on Thursday. Bank of America increased their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Barclays increased their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Finally, The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their target price for the company from $81.00 to $87.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $82.06.

Insider Activity

In other news, EVP Jeff Desroches sold 14,106 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeff Desroches sold 14,106 shares of BJ’s Wholesale Club stock in a transaction on Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at $7,507,284. The disclosure for this sale can be found here. Insiders sold 39,684 shares of company stock valued at $3,204,268 in the last ninety days. Insiders own 2.00% of the company’s stock.

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.