&Partners Makes New Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

&Partners acquired a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,637 shares of the company’s stock, valued at approximately $583,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after purchasing an additional 590,113 shares during the last quarter. Putnam Investments LLC grew its position in shares of BJ’s Wholesale Club by 4.3% in the fourth quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after purchasing an additional 150,414 shares during the period. Bessemer Group Inc. increased its stake in shares of BJ’s Wholesale Club by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after acquiring an additional 56,442 shares during the last quarter. Fiduciary Management Inc. WI increased its position in BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after purchasing an additional 377,019 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of BJ’s Wholesale Club by 10.2% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,650,167 shares of the company’s stock worth $110,000,000 after buying an additional 152,870 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of BJ’s Wholesale Club from $74.00 to $76.00 and gave the company an “underweight” rating in a research note on Friday, August 16th. Loop Capital lifted their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Evercore ISI raised their price target on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Barclays upped their price objective on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Finally, DA Davidson upped their target price on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and an average target price of $85.93.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Jeff Desroches sold 28,842 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,544 shares of company stock worth $7,237,084. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $82.78 on Friday. The company has a 50-day moving average price of $87.60 and a two-hundred day moving average price of $80.37. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.23. 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:BJ) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period last year, the firm earned $0.97 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

BJ’s Wholesale Club 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.