Allspring Global Investments Holdings LLC Boosts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Allspring Global Investments Holdings LLC increased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 73.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,619 shares of the company’s stock after buying an additional 33,254 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BJ’s Wholesale Club were worth $5,241,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of BJ’s Wholesale Club during the fourth quarter worth $5,745,000. Bleakley Financial Group LLC purchased a new position in shares of BJ’s Wholesale Club during the 4th quarter valued at about $729,000. Boston Trust Walden Corp raised its stake in shares of BJ’s Wholesale Club by 2.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,073,646 shares of the company’s stock valued at $71,569,000 after buying an additional 20,703 shares during the last quarter. Trust Point Inc. acquired a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at about $211,000. Finally, LVZ Inc. boosted its stake in shares of BJ’s Wholesale Club by 8.3% in the fourth quarter. LVZ Inc. now owns 7,008 shares of the company’s stock worth $467,000 after buying an additional 540 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BJ’s Wholesale Club

In related news, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Christopher J. Baldwin sold 73,062 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the sale, the director now owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Monica Schwartz sold 13,578 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the transaction, the executive vice president now owns 13,545 shares of the company’s stock, valued at approximately $1,067,481.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,840 shares of company stock valued at $7,408,605. 2.20% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $72.55 on Friday. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 3.30 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The business has a 50-day moving average of $73.77 and a 200 day moving average of $69.37. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $80.42.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BJ. Gordon Haskett cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Wednesday, February 7th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 target price (down previously from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. Loop Capital reissued a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday. Finally, Evercore ISI reduced their price objective on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.40.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.