CenterBook Partners LP Makes New $1.07 Million Investment in BJ’s Wholesale Club Holdings, Inc. $BJ

CenterBook Partners LP bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,483 shares of the company’s stock, valued at approximately $1,071,000.

Other large investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC grew its holdings in BJ’s Wholesale Club by 14.6% in the third quarter. Axxcess Wealth Management LLC now owns 6,811 shares of the company’s stock valued at $635,000 after purchasing an additional 870 shares during the period. Martin & Co. Inc. TN purchased a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at approximately $3,644,000. Heartland Advisors Inc. acquired a new stake in BJ’s Wholesale Club in the 3rd quarter valued at $750,000. Southeast Asset Advisors LLC increased its holdings in BJ’s Wholesale Club by 12.8% in the 3rd quarter. Southeast Asset Advisors LLC now owns 19,344 shares of the company’s stock worth $1,804,000 after acquiring an additional 2,191 shares in the last quarter. Finally, Amica Retiree Medical Trust raised its position in BJ’s Wholesale Club by 18.5% during the third quarter. Amica Retiree Medical Trust now owns 10,766 shares of the company’s stock worth $1,004,000 after acquiring an additional 1,680 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 7,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the sale, the executive vice president owned 50,498 shares of the company’s stock, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Down 2.8%

BJ stock opened at $96.38 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $94.83 and a two-hundred day moving average of $94.99. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $86.68 and a 12 month high of $121.10. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.57 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the business earned $1.18 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BJ. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BJ’s Wholesale Club in a research report on Thursday, January 8th. They issued a “hold” rating on the stock. Melius Research cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Friday, January 23rd. Morgan Stanley cut their price objective on BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Evercore raised their target price on BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a research report on Monday, November 24th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $123.00 price target on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $107.63.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.