WINTON GROUP Ltd acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 63,077 shares of the company’s stock, valued at approximately $5,636,000.
Other large investors have also recently modified their holdings of the company. FMR LLC raised its holdings in BJ’s Wholesale Club by 7.2% in the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after purchasing an additional 966,528 shares during the period. Raymond James Financial Inc. bought a new stake in BJ’s Wholesale Club in the 4th quarter worth approximately $85,550,000. Rockefeller Capital Management L.P. grew its stake in shares of BJ’s Wholesale Club by 4,834.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock worth $51,567,000 after buying an additional 612,535 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of BJ’s Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after purchasing an additional 337,217 shares during the last quarter. Finally, American Century Companies Inc. increased its position in BJ’s Wholesale Club by 66.2% during the fourth quarter. American Century Companies Inc. now owns 377,036 shares of the company’s stock valued at $33,688,000 after acquiring an additional 150,205 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.
Insiders Place Their Bets
In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William C. Werner sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
BJ’s Wholesale Club Stock Up 0.9 %
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.
Analyst Upgrades and Downgrades
BJ has been the subject of several analyst reports. Wells Fargo & Company reissued an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Citigroup boosted their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. Loop Capital raised their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average target price of $108.71.
Check Out Our Latest Report on BJ
About BJ’s Wholesale Club
BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.
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