HighPoint Advisor Group LLC Makes New $412,000 Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

HighPoint Advisor Group LLC purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,174 shares of the company’s stock, valued at approximately $412,000.

Several other hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. grew its position in shares of BJ’s Wholesale Club by 13.0% in 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 in the last quarter. Morgan Stanley boosted its stake in BJ’s Wholesale Club by 10.3% during the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after buying an additional 369,317 shares during the period. Putnam Investments LLC boosted its stake in BJ’s Wholesale Club by 4.3% during the fourth quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after buying an additional 150,414 shares during the period. Fiduciary Management Inc. WI boosted its stake in BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after buying an additional 377,019 shares during the period. Finally, Ameriprise Financial Inc. boosted 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 buying an additional 467,575 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BJ shares. Loop Capital reissued a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. DA Davidson lifted their price objective on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Bank of America lifted their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Evercore ISI lifted their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, TD Cowen lifted their price target on BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club has an average rating of “Hold” and a consensus target price of $82.06.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Jeff Desroches sold 14,106 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now directly 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, which is accessible through this hyperlink. Also, EVP Jeff Desroches sold 14,106 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the transaction, the executive vice president now directly owns 87,294 shares in the company, valued at $7,507,284. The disclosure for this sale can be found here. Insiders have sold a total of 39,684 shares of company stock valued at $3,204,268 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Stock Down 1.6 %

BJ stock opened at $88.56 on Friday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $60.45 and a fifty-two week high of $90.43. The business’s 50 day moving average price is $81.06 and its two-hundred day moving average price is $73.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 3.20 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 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.