Sumitomo Mitsui Trust Group Inc. Acquires New Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Sumitomo Mitsui Trust Group Inc. bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 9,083 shares of the company’s stock, valued at approximately $749,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BJ. CANADA LIFE ASSURANCE Co grew its holdings in shares of BJ’s Wholesale Club by 1.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 98,280 shares of the company’s stock worth $7,435,000 after purchasing an additional 1,794 shares during the last quarter. Pitcairn Co. acquired a new position in BJ’s Wholesale Club in the 1st quarter valued at approximately $733,000. Westwood Holdings Group Inc. increased its position in BJ’s Wholesale Club by 19.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 129,997 shares of the company’s stock valued at $9,834,000 after acquiring an additional 21,156 shares during the period. LRI Investments LLC bought a new position in shares of BJ’s Wholesale Club during the first quarter valued at $140,000. Finally, Mount Yale Investment Advisors LLC lifted its holdings in shares of BJ’s Wholesale Club by 95.2% during the first quarter. Mount Yale Investment Advisors LLC now owns 7,960 shares of the company’s stock worth $602,000 after purchasing an additional 3,883 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.6 %

Shares of NYSE BJ opened at $86.30 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a market cap of $11.44 billion, a P/E ratio of 21.79, a P/E/G ratio of 4.24 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The business has a 50-day simple moving average of $85.15 and a two-hundred day simple moving average of $85.15.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The company 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%. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on BJ. Roth Mkm increased their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Bank of America decreased their price target on 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. Jefferies Financial Group lifted their price objective on BJ’s Wholesale Club from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Melius Research began coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $88.94.

Insider Buying and Selling at BJ’s Wholesale Club

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 stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This trade represents a 6.87 % decrease in their position. The transaction 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 business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at $35,395,884.80. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 in the last three months. Company insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.