BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 143,125 shares of the company’s stock after purchasing an additional 22,400 shares during the period. Curi RMB Capital LLC’s holdings in BJ’s Wholesale Club were worth $11,805,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Fifth Third Bancorp increased its holdings in BJ’s Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after acquiring an additional 124 shares in the last quarter. CWM LLC grew its holdings in shares of BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after buying an additional 128 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of BJ’s Wholesale Club by 2.5% during the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock worth $449,000 after buying an additional 133 shares in the last quarter. Riverwater Partners LLC raised its position in shares of BJ’s Wholesale Club by 1.1% in the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after buying an additional 135 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of BJ’s Wholesale Club by 5.6% in the third quarter. Assetmark Inc. now owns 2,582 shares of the company’s stock worth $213,000 after buying an additional 137 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

BJ stock opened at $87.01 on Friday. The business’s fifty day moving average price is $84.59 and its 200 day moving average price is $84.76. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37. The company has a market capitalization of $11.54 billion, a PE ratio of 21.97, a P/E/G ratio of 3.25 and a beta of 0.24. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,000 shares of company stock valued at $2,818,390. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on BJ. Melius Research started coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America reduced their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Roth Mkm boosted their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company raised their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.87.

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.