BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.6% during the third quarter, HoldingsChannel reports. The fund owned 2,215,356 shares of the company’s stock after acquiring an additional 34,940 shares during the quarter. Geode Capital Management LLC’s holdings in BJ’s Wholesale Club were worth $182,770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BJ. Creative Planning lifted its holdings in BJ’s Wholesale Club by 10.7% in the second quarter. Creative Planning now owns 9,298 shares of the company’s stock valued at $817,000 after acquiring an additional 898 shares during the period. Raymond James & Associates lifted its stake in shares of BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after purchasing an additional 382,114 shares during the period. Victory Capital Management Inc. boosted its holdings in BJ’s Wholesale Club by 3.5% during the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in BJ’s Wholesale Club by 123.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company’s stock worth $132,000 after buying an additional 828 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in BJ’s Wholesale Club by 7.1% in the third quarter. New York State Teachers Retirement System now owns 149,092 shares of the company’s stock valued at $12,297,000 after buying an additional 9,925 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the sale, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 2.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BJ shares. TD Cowen boosted their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group upped their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Melius Research initiated coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Jefferies Financial Group increased their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley lifted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average target price of $93.56.

BJ’s Wholesale Club Trading Down 1.0 %

Shares of BJ opened at $97.54 on Monday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two week high of $100.74. The company has a market capitalization of $12.88 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.69 and a beta of 0.29. The stock has a fifty day moving average of $90.22 and a two-hundred day moving average of $87.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

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.