BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,537 shares of the company’s stock after buying an additional 2,147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BJ’s Wholesale Club were worth $1,569,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Wealth Alliance raised its stake in shares of BJ’s Wholesale Club by 13.2% in the 4th quarter. Wealth Alliance now owns 3,467 shares of the company’s stock valued at $231,000 after purchasing an additional 405 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at about $2,506,000. Simplicity Solutions LLC acquired a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at about $719,000. Cerity Partners LLC acquired a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at about $320,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of BJ’s Wholesale Club by 73.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 78,619 shares of the company’s stock valued at $5,241,000 after purchasing an additional 33,254 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Up 0.8 %

BJ’s Wholesale Club stock opened at $76.37 on Friday. The firm has a 50 day simple moving average of $74.48 and a 200-day simple moving average of $69.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The stock has a market capitalization of $10.15 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 3.24 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $60.33 and a 12-month high of $80.42.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $1.00 earnings per share. As a group, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BJ. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $81.00 to $87.00 in a research note on Monday, April 8th. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, February 7th. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 price objective (down previously from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. Loop Capital reiterated a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Hold” and a consensus target price of $74.40.

Insider Activity

In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the sale, the director now owns 173,294 shares in the company, valued at approximately $12,815,091.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders sold 98,840 shares of company stock worth $7,408,605 over the last three months. Corporate insiders own 2.20% of the company’s stock.

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.