Cwm LLC Increases Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Cwm LLC grew its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,114 shares of the company’s stock after buying an additional 251 shares during the period. Cwm LLC’s holdings in BJ’s Wholesale Club were worth $174,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after acquiring an additional 2,571,709 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of BJ’s Wholesale Club by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after buying an additional 56,442 shares in the last quarter. Principal Financial Group Inc. lifted its position in BJ’s Wholesale Club by 17.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after buying an additional 237,902 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BJ’s Wholesale Club by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after buying an additional 163,526 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in BJ’s Wholesale Club by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 1,126,743 shares of the company’s stock valued at $98,973,000 after acquiring an additional 42,413 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $85.58 on Thursday. The business’s fifty day moving average is $83.10 and its 200 day moving average is $83.57. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.27 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the business earned $0.97 EPS. BJ’s Wholesale Club’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the completion of the transaction, the chief executive officer now directly owns 456,792 shares in the company, valued at $40,014,979.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the 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 sale, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the transaction, the chief executive officer now directly owns 456,792 shares in the company, valued at approximately $40,014,979.20. 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 34,000 shares of company stock worth $2,841,820 in the last 90 days. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of several recent research reports. Bank of America reduced their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Melius Research initiated coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. Roth Mkm raised their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, Loop Capital lifted their target price on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average price target of $86.31.

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.