Symmetry Partners LLC acquired a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,688 shares of the company’s stock, valued at approximately $244,000.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in BJ’s Wholesale Club by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,614,836 shares of the company’s stock valued at $991,297,000 after acquiring an additional 125,697 shares during the last quarter. Putnam Investments LLC raised its holdings in BJ’s Wholesale Club by 1.3% in the 3rd quarter. Putnam Investments LLC now owns 5,184,066 shares of the company’s stock valued at $377,451,000 after acquiring an additional 67,057 shares during the last quarter. State Street Corp raised its holdings in BJ’s Wholesale Club by 3.4% in the 1st quarter. State Street Corp now owns 4,445,807 shares of the company’s stock valued at $300,581,000 after acquiring an additional 147,014 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in BJ’s Wholesale Club by 145.7% in 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 during the last quarter. Finally, Invesco Ltd. raised its holdings in BJ’s Wholesale Club by 28.4% in the 1st quarter. Invesco Ltd. now owns 2,219,929 shares of the company’s stock valued at $150,088,000 after acquiring an additional 491,047 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have weighed in on BJ shares. Wells Fargo & Company cut their price target on BJ’s Wholesale Club from $81.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. Evercore ISI boosted their price objective on shares of BJ’s Wholesale Club from $75.00 to $80.00 in a research note on Friday, March 10th. Loop Capital lowered their price objective on shares of BJ’s Wholesale Club from $95.00 to $85.00 in a research note on Tuesday, December 20th. UBS Group lowered 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 research note on Friday, January 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BJ’s Wholesale Club from $89.00 to $93.00 in a research note on Friday, March 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $76.81.
BJ’s Wholesale Club Stock Down 1.0 %
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last announced its quarterly earnings results on Thursday, March 9th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.11. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.78 billion. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.98 earnings per share for the current fiscal year.
Insider Buying and Selling at BJ’s Wholesale Club
In other BJ’s Wholesale Club 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 value of $128,408.28. Following the completion of the transaction, the executive vice president now directly owns 91,881 shares of the company’s stock, valued at approximately $6,875,455.23. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other BJ’s Wholesale Club 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 value of $128,408.28. Following the completion of the transaction, the executive vice president now directly owns 91,881 shares of the company’s stock, valued at approximately $6,875,455.23. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert W. Eddy sold 5,031 shares of the company’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $70.36, for a total transaction of $353,981.16. Following the completion of the transaction, the chief executive officer now directly owns 178,725 shares of the company’s stock, valued at $12,575,091. The disclosure for this sale can be found here. Insiders sold a total of 15,206 shares of company stock valued at $1,124,675 in the last ninety days. Insiders own 2.10% of the company’s stock.
BJ’s Wholesale Club Company Profile
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.
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