Hsbc Holdings PLC Has $1.23 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Hsbc Holdings PLC decreased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJFree Report) by 61.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,435 shares of the company’s stock after selling 29,704 shares during the period. Hsbc Holdings PLC’s holdings in BJ’s Wholesale Club were worth $1,229,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Portside Wealth Group LLC boosted its position in shares of BJ’s Wholesale Club by 3.7% during the fourth quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock worth $454,000 after purchasing an additional 241 shares in the last quarter. Tectonic Advisors LLC increased its holdings in shares of BJ’s Wholesale Club by 7.9% in the fourth quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock worth $236,000 after acquiring an additional 260 shares in the last quarter. Dfpg Investments LLC raised its position in shares of BJ’s Wholesale Club by 6.0% during the fourth quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock worth $322,000 after purchasing an additional 278 shares during the period. Cutter & CO Brokerage Inc. lifted its holdings in shares of BJ’s Wholesale Club by 0.8% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 37,643 shares of the company’s stock valued at $2,509,000 after purchasing an additional 285 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of BJ’s Wholesale Club by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 58,425 shares of the company’s stock valued at $4,170,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Up 1.1 %

NYSE BJ opened at $88.44 on Monday. The company has a market cap of $11.74 billion, a PE ratio of 22.97, a PEG ratio of 3.14 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.45 and a 12 month high of $88.95. The stock has a 50 day moving average of $79.03 and a 200-day moving average of $72.25. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s 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 sale, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares in the company, valued at approximately $38,410,746.40. The disclosure for this sale can be found here. Insiders have sold a total of 39,684 shares of company stock valued at $3,204,268 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BJ. DA Davidson lifted their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. boosted their price objective on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research report on Tuesday, May 28th. UBS Group increased their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Bank of America boosted their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Evercore ISI increased their price objective on BJ’s Wholesale Club from $80.00 to $86.00 and gave the stock an “in-line” rating in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Hold” and a consensus price target of $81.88.

View Our Latest Analysis on BJ

BJ’s Wholesale Club Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ’s Wholesale Club Holdings, Inc. (NYSE:BJFree Report).

Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

Receive News & Ratings for BJ's Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.