BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,136 shares of the company’s stock after acquiring an additional 579 shares during the period. QRG Capital Management Inc.’s holdings in BJ’s Wholesale Club were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BJ. Kayne Anderson Rudnick Investment Management LLC raised its holdings in 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 valued at $368,044,000 after acquiring an additional 2,571,709 shares during the last quarter. Marshall Wace LLP raised its position in shares of BJ’s Wholesale Club by 143.6% in the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after buying an additional 499,954 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of BJ’s Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after buying an additional 395,573 shares during the period. Raymond James & Associates raised its position in shares of BJ’s Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after buying an additional 382,114 shares during the period. Finally, Delta Global Management LP purchased a new position in shares of BJ’s Wholesale Club in the 1st quarter worth $27,214,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Down 0.7 %

Shares of BJ’s Wholesale Club stock opened at $89.64 on Tuesday. The business has a 50-day moving average of $84.02 and a 200-day moving average of $84.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The company has a market capitalization of $11.89 billion, a PE ratio of 22.64, a P/E/G ratio of 3.35 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The company 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%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BJ. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Melius Research began coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Roth Mkm increased 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. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Finally, Bank of America lowered their price target on 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. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.33.

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.