GAMMA Investing LLC Acquires Shares of 1,361 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

GAMMA Investing LLC acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,361 shares of the company’s stock, valued at approximately $88,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BJ. FMR LLC grew its position in shares of BJ’s Wholesale Club by 39.7% during the 3rd quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after buying an additional 4,548,963 shares during the period. Victory Capital Management Inc. grew its holdings in BJ’s Wholesale Club by 22.2% during the third quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock valued at $324,460,000 after purchasing an additional 826,591 shares during the period. Morgan Stanley grew its holdings in BJ’s Wholesale Club by 10.3% during the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after purchasing an additional 369,317 shares during the period. River Road Asset Management LLC lifted its stake in BJ’s Wholesale Club by 5.9% in the third quarter. River Road Asset Management LLC now owns 3,883,231 shares of the company’s stock valued at $277,146,000 after buying an additional 217,747 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in BJ’s Wholesale Club by 38.3% in the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock valued at $120,500,000 after buying an additional 467,575 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $75.53 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $60.33 and a one year high of $80.42. The company has a market cap of $10.04 billion, a P/E ratio of 19.52, a P/E/G ratio of 3.32 and a beta of 0.26. The firm’s fifty day moving average price is $74.77 and its two-hundred day moving average price is $69.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating 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 firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were 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 owns 173,294 shares in the company, valued at $12,815,091.30. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock worth $7,408,605 over the last ninety days. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Wednesday, February 7th. Wells Fargo & Company reissued an “equal weight” rating and issued a $70.00 price objective (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 objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. JPMorgan Chase & Co. boosted their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Finally, The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.40.

BJ’s Wholesale Club Company Profile

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.