Park Avenue Securities LLC Boosts Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Park Avenue Securities LLC boosted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 30.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,647 shares of the company’s stock after buying an additional 2,477 shares during the period. Park Avenue Securities LLC’s holdings in BJ’s Wholesale Club were worth $951,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC grew its position in BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after acquiring an additional 966,528 shares in the last quarter. Victory Capital Management Inc. grew its position in BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after acquiring an additional 217,385 shares in the last quarter. Franklin Resources Inc. grew its position in BJ’s Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after acquiring an additional 337,217 shares in the last quarter. State Street Corp grew its position in BJ’s Wholesale Club by 1.1% in the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after acquiring an additional 45,288 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in BJ’s Wholesale Club by 60.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after acquiring an additional 896,263 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $95.01 on Tuesday. The business’s fifty day moving average price is $93.48 and its 200 day moving average price is $88.07. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $100.74. The stock has a market capitalization of $12.55 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 4.54 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Cowen increased their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their price objective on shares of 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. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Morgan Stanley raised their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Finally, Citigroup raised their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.00.

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.