Barclays PLC Raises Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Barclays PLC raised its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 118.6% during the 3rd quarter, Holdings Channel reports. The firm owned 144,652 shares of the company’s stock after buying an additional 78,470 shares during the quarter. Barclays PLC’s holdings in BJ’s Wholesale Club were worth $11,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. acquired a new stake in BJ’s Wholesale Club in the 2nd quarter worth about $25,000. Davis Capital Management purchased a new position in shares of BJ’s Wholesale Club in the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its stake in shares of BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of BJ’s Wholesale Club in the third quarter worth approximately $41,000. Finally, Benjamin Edwards Inc. increased its position in shares of 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 purchasing an additional 501 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Down 1.0 %

BJ’s Wholesale Club stock opened at $97.54 on Monday. The stock has a market cap of $12.88 billion, a PE ratio of 23.45, a P/E/G ratio of 4.69 and a beta of 0.29. 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’s fifty day moving average is $90.22 and its two-hundred day moving average is $87.11. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $64.06 and a 1-year high of $100.74.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on BJ. Roth Mkm upped their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Jefferies Financial Group upped their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group increased their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, Melius Research began coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Six 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.56.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s 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 completion of 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 at this link. Insiders own 2.00% of the company’s stock.

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.