Allspring Global Investments Holdings LLC Purchases 875 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Allspring Global Investments Holdings LLC raised its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 33.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,466 shares of the company’s stock after acquiring an additional 875 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BJ’s Wholesale Club were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. OLD National Bancorp IN increased its position in BJ’s Wholesale Club by 2.5% in the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock worth $449,000 after buying an additional 133 shares in the last quarter. Raymond James & Associates increased its position in BJ’s Wholesale Club by 13.9% in the third quarter. Raymond James & Associates now owns 870,589 shares of the company’s stock worth $71,806,000 after buying an additional 106,115 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in BJ’s Wholesale Club by 5.9% in the third quarter. First Citizens Bank & Trust Co. now owns 2,999 shares of the company’s stock worth $247,000 after buying an additional 166 shares in the last quarter. Blue Trust Inc. increased its position in BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after buying an additional 574 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new stake in BJ’s Wholesale Club in the third quarter worth about $745,000. Institutional investors own 98.60% of the company’s stock.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction 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 $35,395,884.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares of the company’s stock, valued at $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $2,818,390 in the last ninety days. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BJ. Roth Mkm upped their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Bank of America cut their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research 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 stock from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded 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 research report on Monday, August 26th. Finally, Loop Capital increased their target price 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. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.31.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $85.64 on Friday. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.15 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The business has a 50 day simple moving average of $83.11 and a 200-day simple moving average of $83.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $5.21 billion during 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%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current 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.