Allspring Global Investments Holdings LLC Acquires 2,884 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Allspring Global Investments Holdings LLC boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) by 36.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,818 shares of the company’s stock after acquiring an additional 2,884 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BJ’s Wholesale Club were worth $786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brandywine Oak Private Wealth LLC raised its position in BJ’s Wholesale Club by 10.9% during the second quarter. Brandywine Oak Private Wealth LLC now owns 5,077 shares of the company’s stock valued at $316,000 after acquiring an additional 500 shares in the last quarter. TIAA FSB bought a new position in shares of BJ’s Wholesale Club in the second quarter valued at approximately $544,000. EverSource Wealth Advisors LLC bought a new position in shares of BJ’s Wholesale Club in the second quarter valued at approximately $67,000. First Horizon Advisors Inc. raised 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, CI Investments Inc. raised its position in shares of BJ’s Wholesale Club by 11.9% in the second quarter. CI Investments Inc. now owns 11,518 shares of the company’s stock valued at $718,000 after purchasing an additional 1,226 shares during the period. Institutional investors own 93.72% of the company’s stock.

Analysts Set New Price Targets

BJ has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of BJ’s Wholesale Club from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, November 18th. JPMorgan Chase & Co. lifted their price target on shares of BJ’s Wholesale Club from $64.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, November 18th. Credit Suisse Group lowered shares of BJ’s Wholesale Club from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $80.00 to $75.00 in a research report on Tuesday, December 20th. MKM Partners boosted their target price on shares of BJ’s Wholesale Club from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of BJ’s Wholesale Club from $86.00 to $90.00 in a research report on Friday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.53.

BJ’s Wholesale Club Stock Up 0.4 %

BJ opened at $67.93 on Monday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $51.45 and a fifty-two week high of $80.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.72 and a quick ratio of 0.14. The firm’s fifty day moving average price is $69.95 and its two-hundred day moving average price is $71.78. The company has a market capitalization of $9.18 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.93 and a beta of 0.46.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last posted its quarterly earnings results on Thursday, November 17th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.16. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 64.35%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.70 billion. On average, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.79 EPS for the current year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,975 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $69.30, for a total value of $136,867.50. Following the sale, the senior vice president now owns 10,083 shares in the company, valued at approximately $698,751.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Scott Kessler sold 13,360 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $68.88, for a total value of $920,236.80. Following the sale, the executive vice president now owns 112,946 shares in the company, valued at approximately $7,779,720.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,975 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $69.30, for a total transaction of $136,867.50. Following the completion of the sale, the senior vice president now owns 10,083 shares in the company, valued at approximately $698,751.90. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

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.