Gateway Investment Advisers LLC Has $1.35 Million Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Gateway Investment Advisers LLC increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 15,146 shares of the company’s stock after acquiring an additional 111 shares during the quarter. Gateway Investment Advisers LLC’s holdings in BJ’s Wholesale Club were worth $1,353,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of 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 worth $368,044,000 after purchasing an additional 2,571,709 shares during the last quarter. FMR LLC grew its holdings in BJ’s Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after buying an additional 966,528 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in BJ’s Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after buying an additional 896,263 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in BJ’s Wholesale Club by 4,834.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock valued at $51,567,000 after buying an additional 612,535 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in BJ’s Wholesale Club by 143.6% during the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after acquiring an additional 499,954 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $95.01 on Friday. 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 P/E ratio of 22.84, a PEG ratio of 4.54 and a beta of 0.32. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $93.38 and its 200 day moving average is $88.00.

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

Insiders Place Their Bets

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 shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on BJ shares. TD Cowen upped their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Melius Research began coverage on shares of 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. UBS Group lifted their target price on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Morgan Stanley increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company boosted their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average target price 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.