Tectonic Advisors LLC Buys 813 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Tectonic Advisors LLC grew its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 19.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,977 shares of the company’s stock after acquiring an additional 813 shares during the quarter. Tectonic Advisors LLC’s holdings in BJ’s Wholesale Club were worth $411,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC grew its stake in BJ’s Wholesale Club by 158.9% in the second 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. Marshall Wace LLP lifted its holdings in shares of BJ’s Wholesale Club by 143.6% during the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after purchasing an additional 499,954 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in BJ’s Wholesale Club by 201.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after purchasing an additional 395,573 shares in the last quarter. Raymond James & Associates raised its holdings in BJ’s Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after buying an additional 382,114 shares during the period. Finally, Delta Global Management LP bought a new position in BJ’s Wholesale Club in the first quarter valued at approximately $27,214,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BJ has been the subject of several research reports. Loop Capital increased their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Melius Research started coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Bank of America decreased their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $86.31.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total transaction of $963,600.00. Following the completion of the transaction, the chief executive officer now directly owns 456,792 shares of the company’s stock, valued at $40,014,979.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Joseph Mcgrail sold 1,000 shares of the 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 transaction, the senior vice president now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the sale, the chief executive officer now owns 456,792 shares of the company’s stock, valued at $40,014,979.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,000 shares of company stock worth $2,841,820. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $84.67 on Friday. The company has a market cap of $11.24 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25. The firm has a 50-day moving average of $83.11 and a 200-day moving average of $83.70. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. BJ’s Wholesale Club’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

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.