42,674 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. acquired a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 42,674 shares of the company’s stock, valued at approximately $3,748,000.

A number of other institutional investors have also recently added to or reduced their stakes in BJ. Blue Trust Inc. bought a new position in BJ’s Wholesale Club during the 2nd quarter worth $25,000. Rise Advisors LLC bought a new position in BJ’s Wholesale Club during the 1st quarter worth $26,000. J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club in the second quarter worth $45,000. Benjamin Edwards Inc. grew its stake in shares of BJ’s Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after purchasing an additional 501 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of BJ’s Wholesale Club by 103.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock worth $65,000 after purchasing an additional 379 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BJ shares. Loop Capital increased their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Evercore ISI increased their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Roth Mkm increased their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price target for the stock 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 eight have issued a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

BJ’s Wholesale Club Trading Up 0.0 %

Shares of BJ’s Wholesale Club stock opened at $80.99 on Friday. 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 firm has a market cap of $10.75 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.90 and a beta of 0.25. The business has a fifty day simple moving average of $84.17 and a 200-day simple moving average of $82.02. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced 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. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the business posted $0.97 earnings per share. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current fiscal year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Graham Luce sold 16,596 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The disclosure for this sale can be found here. Insiders sold a total of 79,438 shares of company stock valued at $6,980,938 over the last three months. 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.