Mercer Global Advisors Inc. ADV raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,302 shares of the company’s stock after buying an additional 1,155 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in BJ’s Wholesale Club were worth $549,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in BJ’s Wholesale Club in the third quarter valued at approximately $44,000. Assetmark Inc. bought a new stake in shares of BJ’s Wholesale Club in the third quarter worth $53,000. Point72 Hong Kong Ltd bought a new stake in shares of BJ’s Wholesale Club in the first quarter worth $50,000. Cambridge Trust Co. lifted its position in shares of BJ’s Wholesale Club by 39.5% in the fourth quarter. Cambridge Trust Co. now owns 749 shares of the company’s stock worth $50,000 after purchasing an additional 212 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of BJ’s Wholesale Club by 1,723.9% in the third quarter. IFP Advisors Inc now owns 839 shares of the company’s stock worth $34,000 after purchasing an additional 793 shares in the last quarter. Institutional investors own 93.72% of the company’s stock.
Insider Activity at BJ’s Wholesale Club
In related news, EVP Jeff Desroches sold 7,059 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $77.09, for a total value of $544,178.31. Following the transaction, the executive vice president now directly owns 84,822 shares in the company, valued at $6,538,927.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
BJ’s Wholesale Club Price Performance
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.89 by $0.11. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.94 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on BJ shares. Morgan Stanley boosted their price objective on shares of BJ’s Wholesale Club from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Friday, March 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BJ’s Wholesale Club from $89.00 to $93.00 in a research report on Friday, March 10th. Barclays boosted their price objective on shares of BJ’s Wholesale Club from $24.00 to $25.00 in a research report on Tuesday, February 21st. JPMorgan Chase & Co. lowered their target price on shares of BJ’s Wholesale Club from $67.00 to $65.00 in a report on Friday, May 12th. Finally, Roth Capital restated a “neutral” rating on shares of BJ’s Wholesale Club in a report on Friday, March 10th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $76.81.
About BJ’s Wholesale Club
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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