BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,571,996 shares of the company’s stock after buying an additional 73,322 shares during the period. JPMorgan Chase & Co. owned 1.95% of BJ’s Wholesale Club worth $229,808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BJ. WINTON GROUP Ltd acquired a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $5,636,000. Florida Financial Advisors LLC acquired a new position in BJ’s Wholesale Club in the fourth quarter valued at $222,000. Congress Wealth Management LLC DE grew its position in BJ’s Wholesale Club by 8.0% during the fourth quarter. Congress Wealth Management LLC DE now owns 44,910 shares of the company’s stock valued at $4,013,000 after acquiring an additional 3,320 shares during the period. Stevens Capital Management LP acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth about $497,000. Finally, LPL Financial LLC raised its holdings in shares of BJ’s Wholesale Club by 35.5% in the 4th quarter. LPL Financial LLC now owns 126,093 shares of the company’s stock worth $11,266,000 after purchasing an additional 33,026 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BJ. Loop Capital boosted their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company reissued an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Robert W. Baird lifted their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. DA Davidson upped their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Barclays raised their price objective on BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average target price of $108.71.

BJ’s Wholesale Club Trading Up 2.1 %

Shares of NYSE BJ opened at $114.29 on Tuesday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 27.47, a PEG ratio of 4.50 and a beta of 0.28. The stock’s 50 day moving average price is $105.33 and its two-hundred day moving average price is $95.17. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. On average, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares in the company, valued at $2,619,924.09. The trade was a 32.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the 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 completion of the sale, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Profile

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.