Hsbc Holdings PLC Increases Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Hsbc Holdings PLC boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,022 shares of the company’s stock after purchasing an additional 1,528 shares during the quarter. Hsbc Holdings PLC’s holdings in BJ’s Wholesale Club were worth $1,056,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in BJ’s Wholesale Club in the 2nd quarter worth $25,000. Rise Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club in the first quarter worth about $26,000. J.Safra Asset Management Corp bought a new position in BJ’s Wholesale Club during the second quarter valued at approximately $45,000. Whittier Trust Co. of Nevada Inc. grew its holdings in BJ’s Wholesale Club by 103.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock valued at $65,000 after buying an additional 379 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in BJ’s Wholesale Club in the 2nd quarter worth approximately $66,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $82.02 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The company has a 50 day moving average price of $83.33 and a 200-day moving average price of $82.27. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The stock has a market capitalization of $10.88 billion, a PE ratio of 21.30, a PEG ratio of 3.02 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jeff Desroches sold 28,842 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the transaction, the executive vice president now owns 58,452 shares in the company, valued at approximately $5,252,496.72. The disclosure for this sale can be found here. Insiders sold a total of 79,438 shares of company stock worth $6,980,938 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BJ shares. Evercore ISI boosted 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 research report on Thursday, June 20th. Roth Mkm boosted their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Bank of America lowered their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Loop Capital boosted their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $86.31.

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.