American Century Companies Inc. Boosts Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

American Century Companies Inc. grew its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 94.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,948 shares of the company’s stock after acquiring an additional 80,547 shares during the quarter. American Century Companies Inc. owned about 0.13% of BJ’s Wholesale Club worth $14,577,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Putnam Investments LLC boosted its holdings in BJ’s Wholesale Club by 4.3% during the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after acquiring an additional 150,414 shares during the period. Bessemer Group Inc. lifted its position in shares of BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after purchasing an additional 56,442 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after purchasing an additional 377,019 shares during the period. Principal Financial Group Inc. grew its holdings in shares of BJ’s Wholesale Club by 17.2% in the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after purchasing an additional 237,902 shares during the last quarter. Finally, Norges Bank bought a new position in shares of BJ’s Wholesale Club in the fourth quarter worth about $81,646,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $80.99 on Friday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The company has a market capitalization of $10.75 billion, a PE ratio of 21.04, a P/E/G ratio of 2.90 and a beta of 0.25. 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 has a 50-day simple moving average of $84.17 and a two-hundred day simple moving average of $82.02.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. BJ’s Wholesale Club’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $76.00 to $78.00 in a report on Monday, August 26th. Evercore ISI raised their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Bank of America decreased their target price 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. Finally, Loop Capital increased their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.07.

Insider Activity

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the transaction, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,438 shares of company stock worth $6,980,938. 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.