BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lifted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,993 shares of the company’s stock after acquiring an additional 6,731 shares during the quarter. Westwood Holdings Group Inc. owned about 0.19% of BJ’s Wholesale Club worth $22,248,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in BJ’s Wholesale Club in the fourth quarter worth approximately $135,344,000. Alliancebernstein L.P. grew its holdings in shares of BJ’s Wholesale Club by 658.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company’s stock worth $136,100,000 after acquiring an additional 1,322,425 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of BJ’s Wholesale Club in the 4th quarter worth $85,550,000. Deutsche Bank AG grew its holdings in shares of BJ’s Wholesale Club by 3,526.9% in the 4th quarter. Deutsche Bank AG now owns 595,571 shares of the company’s stock worth $53,214,000 after acquiring an additional 579,150 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in BJ’s Wholesale Club by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock worth $470,775,000 after purchasing an additional 504,958 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $118.27 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10. The company has a fifty day simple moving average of $114.16 and a 200 day simple moving average of $103.10. The company has a market cap of $15.57 billion, a P/E ratio of 28.43, a P/E/G ratio of 4.50 and a beta of 0.59.

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

Insider Activity

In related news, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the sale, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. This trade represents a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 280,400 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the sale, the chief executive officer now owns 422,033 shares of the company’s stock, valued at $48,242,592.23. This represents a 39.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 328,505 shares of company stock valued at $37,452,686. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of BJ’s Wholesale Club from $109.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. The Goldman Sachs Group lifted their price objective on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Morgan Stanley lifted their target price on BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Finally, Loop Capital boosted their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.06.

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.