The Manufacturers Life Insurance Company Has $24.81 Million Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

The Manufacturers Life Insurance Company lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 22.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 282,413 shares of the company’s stock after selling 83,509 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.21% of BJ’s Wholesale Club worth $24,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. bought a new stake in BJ’s Wholesale Club during the second quarter worth $25,000. Rise Advisors LLC acquired a new stake in BJ’s Wholesale Club in the 1st quarter valued at about $26,000. J.Safra Asset Management Corp acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $45,000. Benjamin Edwards Inc. increased its position in BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after buying an additional 501 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in BJ’s Wholesale Club by 103.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock worth $65,000 after buying an additional 379 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BJ. Loop Capital lifted their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Evercore ISI upped their price objective on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Roth Mkm upped their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $86.31.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the completion of the sale, the chief executive officer now directly owns 456,792 shares in the company, valued at $40,014,979.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the transaction, the chief executive officer now owns 456,792 shares of the company’s stock, valued at $40,014,979.20. The disclosure for this sale can be found here. Insiders have sold 68,438 shares of company stock valued at $6,025,038 over the last three months. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $84.48 on Wednesday. The stock has a market capitalization of $11.21 billion, a PE ratio of 21.94, a P/E/G ratio of 3.02 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The business has a fifty day moving average price of $83.02 and a two-hundred day moving average price of $82.46.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. BJ’s Wholesale Club’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 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.