State of Michigan Retirement System Has $2.48 Million Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

State of Michigan Retirement System boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,715 shares of the company’s stock after buying an additional 600 shares during the period. State of Michigan Retirement System’s holdings in BJ’s Wholesale Club were worth $2,475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BJ. Norges Bank bought a new position in shares of BJ’s Wholesale Club during the 4th quarter worth about $81,646,000. Massachusetts Financial Services Co. MA bought a new position in BJ’s Wholesale Club in the 4th quarter valued at about $50,994,000. Victory Capital Management Inc. lifted its position in BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after acquiring an additional 590,113 shares in the last quarter. Ameriprise Financial Inc. lifted its position in BJ’s Wholesale Club by 38.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock valued at $120,500,000 after acquiring an additional 467,575 shares in the last quarter. Finally, Fiduciary Management Inc. WI lifted its position in BJ’s Wholesale Club by 17.6% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after acquiring an additional 377,019 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Up 0.5 %

Shares of BJ stock opened at $86.08 on Thursday. The company has a 50 day moving average of $83.51 and a 200-day moving average of $75.05. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $62.28 and a 12-month high of $90.43. The firm has a market cap of $11.42 billion, a P/E ratio of 22.36, a PEG 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $0.85 EPS. BJ’s Wholesale Club’s revenue was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other BJ’s Wholesale Club news, EVP Monica Schwartz sold 13,578 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total value of $1,070,082.18. Following the completion of the transaction, the executive vice president now directly owns 13,545 shares of the company’s stock, valued at approximately $1,067,481.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,684 shares of company stock worth $4,160,168. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of several recent research reports. TD Cowen raised their price target on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Robert W. Baird raised their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Loop Capital reaffirmed a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday, May 23rd. Finally, UBS Group increased their price objective on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.06.

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.