Park Place Capital Corp increased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) 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 same period. Park Place Capital Corp’s holdings in BJ’s Wholesale Club were worth $83,000, according to its most recent filing with the SEC.
A number of other large investors have also recently changed their holdings in BJ. Norges Bank acquired a new stake in BJ’s Wholesale Club during the fourth quarter valued at about $81,646,000. Massachusetts Financial Services Co. MA acquired a new stake in BJ’s Wholesale Club during the fourth quarter valued at about $50,994,000. Victory Capital Management Inc. increased 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 valued at $342,385,000 after purchasing an additional 590,113 shares during the last quarter. Ameriprise Financial Inc. increased 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 valued at $120,500,000 after acquiring an additional 467,575 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its stake in BJ’s Wholesale Club by 17.6% in the fourth 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 own 98.60% of the company’s stock.
Wall Street analysts predict growth
Several brokerage firms have issued reports on BJ. Evercore ISI increased their price target 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 increased 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 report on Friday, May 24th. UBS Group increased their price target 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 increased their price target 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 analyst has rated the stock with a sell rating, nine have a hold rating and seven have assigned a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $82.06.
Check out our latest stock report on BJ’s Wholesale Club
Insider activity
In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, April 8. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the sale, the CEO 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 company’s stock in a transaction that occurred on Monday, April 15. 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, available at this link. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8. The shares were sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the CEO now directly owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The disclosure of this sale can be found here. During the last quarter, insiders sold 39,684 shares of the company’s stock, valued at $3,204,268. 2.00% of the shares are currently owned by company insiders.
Price development of BJ’s Wholesale Club
BJ’s 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 50-day simple moving average of $83.09 and a 200-day simple moving average of $74.83. The company has a market cap 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 – Get Free Report) last released its quarterly earnings results on Thursday, May 23. The company reported earnings per share of $0.85 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 company posted revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.86 billion. In the same quarter last year, the company posted earnings per share of $0.85. BJ’s Wholesale Club’s quarterly revenue grew 4.1% compared to the same quarter last year. Analysts expect BJ’s Wholesale Club Holdings, Inc. to report earnings per share of $3.91 for the current fiscal year.
BJ’s Wholesale Club Profile
(Free report)
BJ’s Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs in the eastern half of the United States. It offers groceries, general merchandise, gasoline and other ancillary services, coupon books and special offers. The company sells its products through the websites BJs.com, BerkleyJensen.com and Wellsleyfarms.com and through the mobile app.
See also
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