Allspring Global Investments Holdings LLC Buys 875 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Allspring Global Investments Holdings LLC lifted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 33.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,466 shares of the company’s stock after purchasing an additional 875 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BJ’s Wholesale Club were worth $286,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of BJ’s Wholesale Club by 158.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after acquiring an additional 2,571,709 shares in the last quarter. Bessemer Group Inc. increased its position in BJ’s Wholesale Club by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after buying an additional 56,442 shares in the last quarter. Principal Financial Group Inc. increased its position in BJ’s Wholesale Club by 17.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after buying an additional 237,902 shares in the last quarter. Dimensional Fund Advisors LP increased its position in BJ’s Wholesale Club by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock valued at $120,351,000 after buying an additional 163,526 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in BJ’s Wholesale Club by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,126,743 shares of the company’s stock valued at $98,973,000 after buying an additional 42,413 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,000 shares of company stock worth $2,818,390. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $85.64 on Friday. The company has a market capitalization of $11.35 billion, a P/E ratio of 21.63, a P/E/G ratio of 3.15 and a beta of 0.25. The business’s 50 day moving average is $83.11 and its two-hundred day moving average is $83.91. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $5.21 billion for 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. Analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BJ. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $75.00 to $92.00 in a research report on Friday, August 23rd. Loop Capital boosted their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Bank of America dropped their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Roth Mkm boosted their price target on 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. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.