BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Bought by Anchor Investment Management LLC

Anchor Investment Management LLC lifted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 16.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,383 shares of the company’s stock after purchasing an additional 200 shares during the period. Anchor Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BJ. Bank of Nova Scotia acquired a new position in shares of BJ’s Wholesale Club in the fourth quarter worth about $403,000. KBC Group NV acquired a new position in shares of BJ’s Wholesale Club in the fourth quarter worth about $161,000. Tower Research Capital LLC TRC boosted its holdings in shares of BJ’s Wholesale Club by 40.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 30,617 shares of the company’s stock worth $2,041,000 after buying an additional 8,852 shares during the period. CenterBook Partners LP acquired a new position in shares of BJ’s Wholesale Club in the fourth quarter worth about $1,454,000. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of BJ’s Wholesale Club by 2,502.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 108,841 shares of the company’s stock worth $7,255,000 after buying an additional 104,659 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America decreased their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Melius Research began coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Roth Mkm raised their price target 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. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Finally, Loop Capital raised their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.31.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club 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 transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,438 shares of company stock valued at $6,946,288 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $86.50 on Friday. 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 capitalization of $11.48 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.02 and a beta of 0.25. The company has a 50 day moving average price of $82.86 and a two-hundred day moving average price of $82.49. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last posted 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 analysts’ expectations of $5.15 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current fiscal year.

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.