New York Life Investment Management LLC Has $1.01 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

New York Life Investment Management LLC lifted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,140 shares of the company’s stock after acquiring an additional 928 shares during the quarter. New York Life Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank increased its stake in shares of BJ’s Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after purchasing an additional 411 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in BJ’s Wholesale Club by 23.9% in the third quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock worth $59,000 after purchasing an additional 159 shares in the last quarter. Anchor Investment Management LLC acquired a new position in BJ’s Wholesale Club during the fourth quarter worth $78,000. GAMMA Investing LLC acquired a new position in BJ’s Wholesale Club during the fourth quarter worth $88,000. Finally, Headlands Technologies LLC bought a new position in BJ’s Wholesale Club during the third quarter valued at about $89,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $77.04 on Wednesday. The business’s 50 day moving average is $75.28 and its 200-day moving average is $69.84. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $10.24 billion, a PE ratio of 19.91, a PEG ratio of 3.20 and a beta of 0.27. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $60.33 and a 1-year high of $80.42.

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

Insider Buying and Selling

In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other BJ’s Wholesale Club news, 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 sale, the director now directly owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders sold 98,840 shares of company stock valued at $7,408,605 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

BJ has been the topic of a number of analyst reports. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price objective for the company from $81.00 to $87.00 in a report on Monday, April 8th. Evercore ISI dropped their price target on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lifted their target price on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Finally, Loop Capital reissued a “hold” rating and set a $80.00 target price (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Hold” and an average target price 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.