Mackenzie Financial Corp Trims Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Mackenzie Financial Corp cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.1% during the second quarter, HoldingsChannel.com reports. The fund owned 108,628 shares of the company’s stock after selling 142 shares during the quarter. Mackenzie Financial Corp’s holdings in BJ’s Wholesale Club were worth $9,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Thematics Asset Management grew its position in BJ’s Wholesale Club by 1.5% in the 4th quarter. Thematics Asset Management now owns 66,532 shares of the company’s stock valued at $4,435,000 after buying an additional 992 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at about $2,853,000. BNP Paribas Financial Markets increased its stake in shares of BJ’s Wholesale Club by 231.3% during the first quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock worth $16,829,000 after acquiring an additional 155,316 shares during the period. Raymond James & Associates raised its holdings in 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 in the last quarter. Finally, Tidal Investments LLC lifted its position in BJ’s Wholesale Club by 96.8% in the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,759 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction 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 in the company, valued at $1,288,040.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction on Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the sale, the executive vice president now owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, July 16th. The shares were 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 of the company’s stock, valued at $1,288,040.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,438 shares of company stock worth $6,025,038. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Stock Up 0.5 %

Shares of BJ stock opened at $82.44 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 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 business’s fifty day moving average is $83.15 and its 200-day moving average is $82.39. The stock has a market cap of $10.94 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Melius Research initiated coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company. Bank of America reduced their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Evercore ISI upped their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.31.

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.