Cwm LLC Buys 251 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Cwm LLC boosted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,114 shares of the company’s stock after buying an additional 251 shares during the quarter. Cwm LLC’s holdings in BJ’s Wholesale Club were worth $174,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after acquiring an additional 2,571,709 shares during the period. Bessemer Group Inc. boosted its position in shares of BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after acquiring an additional 56,442 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of BJ’s Wholesale Club by 17.2% during the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after purchasing an additional 237,902 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in BJ’s Wholesale Club by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock valued at $120,351,000 after buying an additional 163,526 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of BJ’s Wholesale Club by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 1,126,743 shares of the company’s stock valued at $98,973,000 after purchasing an additional 42,413 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BJ. Bank of America reduced their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Roth Mkm upped their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the company from $76.00 to $78.00 in a report on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average target price of $86.31.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock worth $2,841,820. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $85.58 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a market cap of $11.36 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.27 and a beta of 0.25. The business’s 50 day moving average price is $83.10 and its 200 day moving average price is $83.57.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

BJ’s Wholesale Club 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.