Park Place Capital Corp Buys 326 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Park Place Capital Corp grew its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 42.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,095 shares of the company’s stock after purchasing an additional 326 shares during the period. Park Place Capital Corp’s holdings in BJ’s Wholesale Club were worth $83,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BJ. Norges Bank bought a new stake in BJ’s Wholesale Club during the fourth quarter worth about $81,646,000. Massachusetts Financial Services Co. MA bought a new stake in BJ’s Wholesale Club during the fourth quarter worth about $50,994,000. Victory Capital Management Inc. boosted its stake in BJ’s Wholesale Club by 13.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock worth $342,385,000 after acquiring an additional 590,113 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in BJ’s Wholesale Club by 38.3% during the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after acquiring an additional 467,575 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after acquiring an additional 377,019 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BJ. Evercore ISI lifted their target price on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. TD Cowen boosted their price objective on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. UBS Group upped their target price on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a report on Friday, May 24th. DA Davidson upped their target price on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $82.06.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the sale, the chief executive officer now owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares in the company, valued at approximately $38,410,746.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,684 shares of company stock valued at $3,204,268. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Price Performance

BJ stock opened at $86.74 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $62.05 and a 52 week high of $90.43. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $83.09 and a two-hundred day simple moving average of $74.83. The firm has a market capitalization of $11.51 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 3.12 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business earned $0.85 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

BJ’s Wholesale Club 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.