14,276 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Acquired by AQR Capital Management LLC

AQR Capital Management LLC bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,276 shares of the company’s stock, valued at approximately $1,254,000.

A number of other institutional investors have also made changes to their positions in the business. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth $25,000. Rise Advisors LLC bought a new position in BJ’s Wholesale Club in the first quarter valued at about $26,000. J.Safra Asset Management Corp bought a new position in BJ’s Wholesale Club in the second quarter valued at about $45,000. Benjamin Edwards Inc. raised its position in BJ’s Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after purchasing an additional 501 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in BJ’s Wholesale Club by 103.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock valued at $65,000 after purchasing an additional 379 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the sale, the executive vice president now directly owns 14,131 shares in the company, valued at $1,288,040.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Jeff Desroches sold 28,842 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the transaction, the executive vice president now directly owns 58,452 shares in the company, valued at $5,252,496.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the transaction, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,438 shares of company stock worth $6,946,288 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $87.23 on Friday. The business’s fifty day simple moving average is $82.81 and its 200 day simple moving average is $82.84. The firm has a market capitalization of $11.58 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. BJ’s Wholesale Club’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.83 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Loop Capital raised their price objective 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. Evercore ISI raised their target price on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Melius Research began coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Finally, Bank of America reduced 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 note on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.31.

BJ’s Wholesale Club Company 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.