Bank of America Corp DE Has $175.09 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bank of America Corp DE grew its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,589,725 shares of the company’s stock after purchasing an additional 87,438 shares during the period. Bank of America Corp DE owned about 1.92% of BJ’s Wholesale Club worth $175,092,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in BJ’s Wholesale Club by 6.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,673 shares of the company’s stock worth $1,330,000 after purchasing an additional 1,257 shares during the period. Citigroup Inc. raised its holdings in shares of BJ’s Wholesale Club by 48.0% during the first quarter. Citigroup Inc. now owns 218,396 shares of the company’s stock worth $14,765,000 after acquiring an additional 70,870 shares during the period. Yarbrough Capital LLC raised its holdings in shares of BJ’s Wholesale Club by 24.6% during the first quarter. Yarbrough Capital LLC now owns 17,745 shares of the company’s stock worth $1,200,000 after acquiring an additional 3,501 shares during the period. CWM LLC raised its holdings in shares of BJ’s Wholesale Club by 32.5% during the first quarter. CWM LLC now owns 1,533 shares of the company’s stock worth $104,000 after acquiring an additional 376 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of BJ’s Wholesale Club by 133.3% during the fourth quarter. Renaissance Technologies LLC now owns 275,500 shares of the company’s stock worth $18,450,000 after acquiring an additional 157,400 shares during the period. 98.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $64.54, for a total transaction of $1,290,800.00. Following the completion of the sale, the executive vice president now owns 37,361 shares of the company’s stock, valued at approximately $2,411,278.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $64.54, for a total value of $1,290,800.00. Following the completion of the sale, the executive vice president now owns 37,361 shares in the company, valued at approximately $2,411,278.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeff Desroches sold 15,000 shares of BJ’s Wholesale Club stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $66.58, for a total transaction of $998,700.00. Following the completion of the sale, the executive vice president now owns 93,597 shares of the company’s stock, valued at approximately $6,231,688.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,403 shares of company stock valued at $3,762,136. Company insiders own 2.10% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $75.63 on Thursday. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.30 and a beta of 0.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.17 and a current ratio of 0.73. The company has a 50-day simple moving average of $72.11 and a 200 day simple moving average of $66.39. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $51.45 and a 52 week high of $79.69.

BJ’s Wholesale Club (NYSE:BJGet Rating) last announced its earnings results on Thursday, August 18th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.63 billion. BJ’s Wholesale Club had a net margin of 2.68% and a return on equity of 71.47%. BJ’s Wholesale Club’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.6 earnings per share for the current year.

Analysts Set New Price Targets

BJ has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BJ’s Wholesale Club from $81.00 to $86.00 in a research note on Friday, August 19th. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $90.00 in a research note on Friday, August 19th. MKM Partners lifted their price target on shares of BJ’s Wholesale Club from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, August 19th. DA Davidson lifted their price target on shares of BJ’s Wholesale Club from $72.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, August 19th. Finally, The Goldman Sachs Group lifted their price target on shares of BJ’s Wholesale Club from $63.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.13.

About BJ’s Wholesale Club

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BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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