Gitterman Wealth Management LLC Makes New Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Gitterman Wealth Management LLC bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, HoldingsChannel reports. The fund bought 3,922 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of BJ’s Wholesale Club during the 4th quarter valued at $5,745,000. Boston Trust Walden Corp raised its holdings in shares of BJ’s Wholesale Club by 2.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,073,646 shares of the company’s stock valued at $71,569,000 after purchasing an additional 20,703 shares in the last quarter. Jump Financial LLC bought a new position in BJ’s Wholesale Club in the 3rd quarter worth $685,000. Envestnet Asset Management Inc. raised its holdings in BJ’s Wholesale Club by 46.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 558,667 shares of the company’s stock worth $39,872,000 after acquiring an additional 176,494 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in BJ’s Wholesale Club by 342.0% in the 3rd quarter. Lazard Asset Management LLC now owns 233,147 shares of the company’s stock worth $16,639,000 after acquiring an additional 180,397 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

NYSE:BJ traded up $0.27 on Friday, reaching $76.65. The stock had a trading volume of 1,101,637 shares, compared to its average volume of 1,735,324. The company has a market capitalization of $10.19 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 3.32 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $60.33 and a 1-year high of $80.42. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $74.64 and a 200-day moving average price of $69.60.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. Research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

BJ has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $81.00 to $87.00 in a report on Monday, April 8th. Evercore ISI decreased their price target on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Loop Capital restated a “hold” rating and issued a $80.00 price target (down from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. JPMorgan Chase & Co. raised their price target on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Finally, Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.40.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Monica Schwartz sold 13,578 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the completion of the sale, the executive vice president now directly owns 13,545 shares of the company’s stock, valued at $1,067,481.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock worth $7,408,605 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.