DekaBank Deutsche Girozentrale Makes New Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

DekaBank Deutsche Girozentrale acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,460 shares of the company’s stock, valued at approximately $128,000.

A number of other institutional investors have also made changes to their positions in BJ. Blue Trust Inc. purchased a new position in BJ’s Wholesale Club in the second quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the first quarter worth approximately $26,000. J.Safra Asset Management Corp bought a new stake in shares of BJ’s Wholesale Club in the second quarter worth $45,000. Whittier Trust Co. of Nevada Inc. raised its holdings 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 acquiring an additional 379 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in BJ’s Wholesale Club during the 2nd quarter valued at $66,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Up 0.0 %

Shares of BJ stock opened at $80.99 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The firm has a market capitalization of $10.75 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.90 and a beta of 0.25. The stock has a fifty day moving average of $84.17 and a two-hundred day moving average of $82.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

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 completion of the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the 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 completion of the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. The disclosure for this sale can be found here. Insiders have sold 79,438 shares of company stock worth $6,980,938 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BJ has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Loop Capital boosted their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Bank of America reduced their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.07.

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.