CIBC Asset Management Inc Has $322,000 Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

CIBC Asset Management Inc boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,906 shares of the company’s stock after purchasing an additional 123 shares during the period. CIBC Asset Management Inc’s holdings in BJ’s Wholesale Club were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BJ. Blue Trust Inc. acquired a new position in shares of BJ’s Wholesale Club in the second quarter valued at approximately $25,000. Davis Capital Management bought a new stake in BJ’s Wholesale Club in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in shares of BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in BJ’s Wholesale Club in the 3rd quarter valued at $41,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at about $45,000. 98.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’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 completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $2,818,390 over the last ninety days. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $92.50 on Friday. The firm has a market capitalization of $12.26 billion, a P/E ratio of 23.36, a P/E/G ratio of 4.19 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.73 and a 52 week high of $94.67. The stock has a 50 day moving average price of $85.52 and a two-hundred day moving average price of $85.20. 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 (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BJ. Jefferies Financial Group lifted their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Melius Research started coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Roth Mkm upped their target price 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. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average price target of $90.40.

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.