Vanguard Group Inc. Purchases 125,697 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Vanguard Group Inc. raised its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,614,836 shares of the company’s stock after acquiring an additional 125,697 shares during the quarter. Vanguard Group Inc. owned approximately 10.08% of BJ’s Wholesale Club worth $991,297,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BJ. Goldman Sachs Group Inc. boosted its position in BJ’s Wholesale Club by 145.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock valued at $163,792,000 after acquiring an additional 1,436,785 shares in the last quarter. Eaton Vance Management lifted its holdings in shares of BJ’s Wholesale Club by 323.5% during the first quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock valued at $116,230,000 after purchasing an additional 1,313,206 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of BJ’s Wholesale Club by 162.6% during the third quarter. Marshall Wace LLP now owns 2,113,286 shares of the company’s stock valued at $153,866,000 after purchasing an additional 1,308,643 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of BJ’s Wholesale Club by 141.7% during the second quarter. Renaissance Technologies LLC now owns 1,247,499 shares of the company’s stock valued at $77,744,000 after purchasing an additional 731,299 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of BJ’s Wholesale Club during the third quarter valued at approximately $37,050,000. 93.72% of the stock is owned by institutional investors.

BJ’s Wholesale Club Trading Down 1.6 %

Shares of BJ stock opened at $73.59 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $51.45 and a 1 year high of $80.41. The firm has a fifty day moving average price of $71.85 and a 200-day moving average price of $72.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.67 and a quick ratio of 0.13. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.03 and a beta of 0.48.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last issued its earnings results on Thursday, March 9th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.11. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.78 billion. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. BJ’s Wholesale Club’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BJ has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of BJ’s Wholesale Club from $64.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, November 18th. Barclays boosted their price objective on shares of BJ’s Wholesale Club from $24.00 to $25.00 in a report on Tuesday, February 21st. Credit Suisse Group boosted their price objective on shares of BJ’s Wholesale Club from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group decreased their price objective on shares of BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, January 6th. Finally, Robert W. Baird boosted their price objective on shares of BJ’s Wholesale Club from $85.00 to $90.00 in a report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $76.81.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 1,716 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $74.83, for a total value of $128,408.28. Following the sale, the executive vice president now owns 91,881 shares in the company, valued at approximately $6,875,455.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Jeff Desroches sold 1,716 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $74.83, for a total transaction of $128,408.28. Following the sale, the executive vice president now directly owns 91,881 shares in the company, valued at approximately $6,875,455.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott Kessler sold 13,360 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $68.88, for a total transaction of $920,236.80. Following the sale, the executive vice president now owns 112,946 shares in the company, valued at $7,779,720.48. The disclosure for this sale can be found here. Insiders have sold a total of 30,541 shares of company stock worth $2,181,779 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Company Profile

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BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.