BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Acquired by Shellback Capital LP

Shellback Capital LP raised its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,437 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Shellback Capital LP’s holdings in BJ’s Wholesale Club were worth $6,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prana Capital Management LP acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter worth approximately $8,157,000. ProShare Advisors LLC raised its stake in BJ’s Wholesale Club by 7.2% during the 4th quarter. ProShare Advisors LLC now owns 6,204 shares of the company’s stock valued at $554,000 after acquiring an additional 419 shares in the last quarter. Quantinno Capital Management LP raised its stake in BJ’s Wholesale Club by 23.6% during the 4th quarter. Quantinno Capital Management LP now owns 29,550 shares of the company’s stock valued at $2,640,000 after acquiring an additional 5,650 shares in the last quarter. Man Group plc grew its stake in shares of BJ’s Wholesale Club by 57.8% in the fourth quarter. Man Group plc now owns 515,418 shares of the company’s stock worth $46,053,000 after purchasing an additional 188,826 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in BJ’s Wholesale Club in the fourth quarter worth about $1,572,000. Institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

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

BJ’s Wholesale Club Price Performance

BJ opened at $111.35 on Friday. The firm has a market capitalization of $14.66 billion, a P/E ratio of 26.77, a PEG ratio of 4.50 and a beta of 0.59. The stock has a fifty day moving average of $113.85 and a 200-day moving average of $102.40. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10.

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

Analyst Ratings Changes

A number of research firms have commented on BJ. Evercore ISI dropped their price target on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group upped their target price on 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. DA Davidson increased their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Robert W. Baird boosted their price objective on BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.12.

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.