Canada Pension Plan Investment Board Acquires New Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Canada Pension Plan Investment Board acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the company’s stock, valued at approximately $88,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in BJ’s Wholesale Club by 9.3% in the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after purchasing an additional 124 shares during the period. CWM LLC lifted its position in BJ’s Wholesale Club by 7.4% in the second quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after purchasing an additional 128 shares during the period. Riverwater Partners LLC lifted its position in 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 purchasing an additional 135 shares during the period. GAMMA Investing LLC boosted its stake in shares of BJ’s Wholesale Club by 11.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock worth $144,000 after acquiring an additional 162 shares in the last quarter. Finally, LRI Investments LLC grew its holdings in shares of BJ’s Wholesale Club by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock worth $172,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.0 %

Shares of BJ opened at $82.02 on Monday. The company has a market capitalization of $10.88 billion, a P/E ratio of 21.30, a P/E/G ratio of 3.02 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. 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 stock has a 50-day moving average price of $83.33 and a 200 day moving average price of $82.33.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. Sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

BJ has been the subject of several research reports. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Melius Research began coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Roth Mkm boosted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Loop Capital boosted their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.31.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Graham Luce sold 16,596 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the transaction, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other BJ’s Wholesale Club news, EVP Graham Luce sold 16,596 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the transaction, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $89.86, for a total value of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares in the company, valued at approximately $5,252,496.72. The disclosure for this sale can be found here. Insiders have sold a total of 68,438 shares of company stock valued at $6,025,038 in the last quarter. 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.