Vanguard Personalized Indexing Management LLC Buys 2,001 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Vanguard Personalized Indexing Management LLC boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 15.7% in the second quarter, HoldingsChannel.com reports. The firm owned 14,772 shares of the company’s stock after acquiring an additional 2,001 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in BJ’s Wholesale Club were worth $1,298,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth $25,000. Rise Advisors LLC acquired a new stake in BJ’s Wholesale Club in the first quarter worth about $26,000. J.Safra Asset Management Corp purchased a new stake in shares of BJ’s Wholesale Club during the second quarter worth about $45,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of BJ’s Wholesale Club by 103.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock worth $65,000 after acquiring an additional 379 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of BJ’s Wholesale Club during the second quarter valued at about $66,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Up 0.0 %

Shares of BJ stock opened at $80.99 on Monday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The stock has a market cap of $10.75 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.90 and a beta of 0.24. The stock has a 50 day moving average of $84.17 and a 200 day moving average of $82.09. 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 (NYSE:BJ) last posted 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. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period in the previous year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeff Desroches sold 28,842 shares of the company’s 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 transaction, the executive vice president now owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,438 shares of company stock worth $6,980,938. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BJ. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Roth Mkm boosted their price objective on shares of 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 reduced their target price 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. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Loop Capital increased their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.07.

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.