Wilmington Savings Fund Society FSB Takes $55,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Wilmington Savings Fund Society FSB acquired a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 672 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors also recently added to or reduced their stakes in BJ. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of BJ’s Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after buying an additional 2,571,709 shares during the last quarter. FMR LLC boosted its stake in BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after acquiring 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% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after purchasing an additional 896,263 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of BJ’s Wholesale Club by 4,834.5% during the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock worth $51,567,000 after purchasing an additional 612,535 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of 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 purchasing an additional 499,954 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Roth Mkm upped their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. UBS Group upped their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Morgan Stanley lifted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average price target of $94.00.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the sale, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. This trade represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $93.77 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 4.69 and a beta of 0.29. The firm’s 50 day simple moving average is $91.01 and its 200-day simple moving average is $87.40. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $64.06 and a 12 month high of $100.74.

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