BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,092 shares of the company’s stock after purchasing an additional 9,925 shares during the quarter. New York State Teachers Retirement System’s holdings in BJ’s Wholesale Club were worth $12,297,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BJ. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth $25,000. Davis Capital Management purchased a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its holdings in BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares during the period. J.Safra Asset Management Corp purchased a new position in BJ’s Wholesale Club during the 2nd quarter valued at about $45,000. Finally, Benjamin Edwards Inc. boosted its holdings in BJ’s Wholesale Club by 394.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after acquiring an additional 501 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Melius Research assumed coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Roth Mkm raised their target price 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. Loop Capital raised their target price 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. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their target price for the company from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.31.

Insider Transactions at BJ’s Wholesale Club

In other 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 transaction of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total transaction of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,000 shares of company stock valued at $2,818,390. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $85.64 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The firm has a market capitalization of $11.35 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 3.15 and a beta of 0.25. The stock’s 50-day simple moving average is $83.11 and its 200-day simple moving average is $83.91.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the company earned $0.97 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

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.