New York State Common Retirement Fund grew its stake in BJs Wholesale Club Holdings Inc (NYSE:BJ) by 66.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 275,100 shares of the company’s stock after buying an additional 109,755 shares during the period. New York State Common Retirement Fund’s holdings in BJs Wholesale Club were worth $6,096,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of BJ. Northern Trust Corp acquired a new stake in BJs Wholesale Club during the 2nd quarter worth $1,153,000. First Trust Advisors LP acquired a new stake in BJs Wholesale Club during the 3rd quarter worth $3,376,000. Russell Investments Group Ltd. boosted its stake in BJs Wholesale Club by 286.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 50,885 shares of the company’s stock worth $1,361,000 after purchasing an additional 37,734 shares during the period. Wells Fargo & Company MN boosted its stake in BJs Wholesale Club by 783.3% during the 3rd quarter. Wells Fargo & Company MN now owns 169,553 shares of the company’s stock worth $4,541,000 after purchasing an additional 150,358 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in BJs Wholesale Club by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,748,909 shares of the company’s stock worth $73,616,000 after purchasing an additional 725,143 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.
A number of equities analysts have commented on BJ shares. Morgan Stanley cut their price objective on shares of BJs Wholesale Club from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, November 23rd. Wells Fargo & Co restated a “hold” rating on shares of BJs Wholesale Club in a research report on Wednesday, November 21st. Nomura cut their price objective on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. William Blair restated an “outperform” rating on shares of BJs Wholesale Club in a research report on Monday, November 26th. Finally, Barclays started coverage on shares of BJs Wholesale Club in a research report on Friday, February 1st. They set an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $29.92.
In related news, SVP William C. Werner sold 40,000 shares of the stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $24.96, for a total value of $998,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kirk Saville sold 47,220 shares of the stock in a transaction dated Monday, December 31st. The shares were sold at an average price of $22.08, for a total transaction of $1,042,617.60. The disclosure for this sale can be found here. Insiders sold a total of 10,299,319 shares of company stock valued at $253,607,591 in the last quarter.
Shares of BJ opened at $25.94 on Friday. The stock has a market capitalization of $3.54 billion and a PE ratio of 22.75. BJs Wholesale Club Holdings Inc has a 52-week low of $19.31 and a 52-week high of $32.92.
BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.08. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.36 billion. The company’s revenue was down 4.2% on a year-over-year basis. As a group, analysts forecast that BJs Wholesale Club Holdings Inc will post 1.48 earnings per share for the current fiscal year.
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BJs Wholesale Club Company Profile
BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.
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