Epoch Investment Partners Inc. bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor bought 243,260 shares of the company’s stock, valued at approximately $23,942,000.
Other large investors have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. purchased a new stake in BJ’s Wholesale Club during the 4th quarter valued at $25,000. Strive Financial Group LLC purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter worth $25,000. Parkside Financial Bank & Trust boosted its stake in shares of BJ’s Wholesale Club by 147.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of BJ’s Wholesale Club in the third quarter worth $34,000. Finally, Leonteq Securities AG bought a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth $43,000. Institutional investors own 98.60% of the company’s stock.
BJ’s Wholesale Club Trading Up 1.7%
NYSE:BJ opened at $92.85 on Friday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $83.21 and a one year high of $110.92. The business has a fifty day moving average price of $89.25 and a 200-day moving average price of $93.46. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 3.46 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.18.
Insider Activity at BJ’s Wholesale Club
In other news, EVP Scott Schmadeke sold 16,500 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the transaction, the executive vice president directly owned 20,471 shares of the company’s stock, valued at $1,886,812.07. The trade was a 44.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Bank of America started coverage on BJ’s Wholesale Club in a report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 target price on the stock. UBS Group restated a “buy” rating and set a $109.00 price target on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Finally, Citigroup dropped their price objective on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $105.27.
View Our Latest Research Report on BJ
About BJ’s Wholesale Club
BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.
Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.
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