BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by M&T Bank Corp

M&T Bank Corp increased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) by 245.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,505 shares of the company’s stock after purchasing an additional 19,547 shares during the quarter. M&T Bank Corp’s holdings in BJ’s Wholesale Club were worth $283,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in BJ. Northwestern Mutual Wealth Management Co. raised its holdings in shares of BJ’s Wholesale Club by 71.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $25,000 after acquiring an additional 166 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of BJ’s Wholesale Club in the first quarter worth $35,000. Cambridge Trust Co. grew its position in shares of BJ’s Wholesale Club by 292.0% in the first quarter. Cambridge Trust Co. now owns 537 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the period. First Horizon Advisors Inc. grew its position in shares of BJ’s Wholesale Club by 94.5% in the second quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock valued at $38,000 after purchasing an additional 307 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of BJ’s Wholesale Club in the first quarter valued at $50,000. 98.26% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Up 3.0 %

Shares of NYSE BJ opened at $78.47 on Wednesday. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.28 and a beta of 0.43. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $51.45 and a 1 year high of $80.41. 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 stock’s 50-day simple moving average is $75.09 and its 200-day simple moving average is $68.75.

BJ’s Wholesale Club (NYSE:BJGet Rating) last announced its earnings results on Thursday, August 18th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.23. BJ’s Wholesale Club had a return on equity of 71.47% and a net margin of 2.68%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the prior year, the company posted $0.82 EPS. BJ’s Wholesale Club’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Credit Suisse Group raised their target price on shares of BJ’s Wholesale Club from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 19th. DA Davidson increased their target price on BJ’s Wholesale Club from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. Loop Capital boosted their price target on BJ’s Wholesale Club from $80.00 to $90.00 in a research report on Friday, August 19th. William Blair restated an “outperform” rating on shares of BJ’s Wholesale Club in a report on Wednesday, October 12th. Finally, Bank of America upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $72.00 to $83.00 in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 2,758 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $75.19, for a total value of $207,374.02. Following the completion of the sale, the chief executive officer now directly owns 224,996 shares of the company’s stock, valued at $16,917,449.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Scott Kessler sold 13,359 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $76.36, for a total transaction of $1,020,093.24. Following the completion of the transaction, the executive vice president now directly owns 116,791 shares of the company’s stock, valued at $8,918,160.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 2,758 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $75.19, for a total value of $207,374.02. Following the completion of the sale, the chief executive officer now directly owns 224,996 shares in the company, valued at approximately $16,917,449.24. The disclosure for this sale can be found here. Insiders sold a total of 19,403 shares of company stock valued at $1,472,636 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

About BJ’s Wholesale Club

(Get Rating)

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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