International Assets Investment Management LLC Invests $282,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

International Assets Investment Management LLC purchased a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,210 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at approximately $81,646,000. Massachusetts Financial Services Co. MA purchased a new stake in BJ’s Wholesale Club in the fourth quarter worth $50,994,000. Raymond James & Associates lifted its position in shares of BJ’s Wholesale Club by 99.9% during the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after purchasing an additional 382,114 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of 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 purchasing an additional 377,019 shares during the period. Finally, Delta Global Management LP bought a new position in shares of BJ’s Wholesale Club in the first quarter worth about $27,214,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BJ has been the subject of a number of research analyst reports. Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Thursday, May 23rd. Roth Mkm lifted their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Barclays lifted their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Finally, DA Davidson raised their price target 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. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.07.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the transaction, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Graham Luce sold 16,596 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the sale, the executive vice president now owns 14,131 shares in the company, valued at $1,288,040.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the transaction, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The disclosure for this sale can be found here. Insiders sold 68,438 shares of company stock valued at $6,107,538 in the last three months. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $79.96 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37. The firm’s fifty day simple moving average is $86.74 and its two-hundred day simple moving average is $81.10. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.61 billion, a P/E ratio of 20.77, a P/E/G ratio of 3.12 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. Analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS 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.