Texas Permanent School Fund Corp Purchases 1,209 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Texas Permanent School Fund Corp boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,734 shares of the company’s stock after purchasing an additional 1,209 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.09% of BJ’s Wholesale Club worth $8,831,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BJ. Legal & General Group Plc increased its holdings in shares of BJ’s Wholesale Club by 1.4% during the third quarter. Legal & General Group Plc now owns 346,949 shares of the company’s stock valued at $24,762,000 after acquiring an additional 4,865 shares in the last quarter. Morgan Stanley boosted its position in shares of BJ’s Wholesale Club by 10.3% during the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after buying an additional 369,317 shares during the last quarter. Comerica Bank purchased a new stake in shares of BJ’s Wholesale Club during the third quarter valued at $8,642,000. B. Riley Wealth Advisors Inc. boosted its position in shares of BJ’s Wholesale Club by 32.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 4,273 shares of the company’s stock valued at $305,000 after buying an additional 1,050 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in shares of BJ’s Wholesale Club during the fourth quarter valued at $78,000. Institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BJ shares. JPMorgan Chase & Co. raised their target price on BJ’s Wholesale Club from $70.00 to $74.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Bank of America raised their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. TD Cowen raised their target price on BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their target price for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. Finally, Evercore ISI raised their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Hold” and a consensus price target of $82.35.

BJ’s Wholesale Club Price Performance

NYSE:BJ traded up $1.00 during trading hours on Thursday, reaching $90.63. The stock had a trading volume of 1,744,384 shares, compared to its average volume of 1,505,554. The stock has a market capitalization of $12.03 billion, a PE ratio of 23.54, a PEG ratio of 3.12 and a beta of 0.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The company has a 50 day moving average price of $85.04 and a two-hundred day moving average price of $75.91. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $62.28 and a 52 week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction 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 document filed with the SEC, which is available through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total value 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 approximately $998,459.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The disclosure for this sale can be found here. Insiders sold a total of 26,106 shares of company stock worth $2,246,386 in the last quarter. 2.00% of the stock is owned by company insiders.

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.