International Assets Investment Management LLC Acquires New Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

International Assets Investment Management LLC bought a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 86,191 shares of the company’s stock, valued at approximately $5,745,000. International Assets Investment Management LLC owned approximately 0.06% of BJ’s Wholesale Club as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BJ. Brown Advisory Inc. bought a new position in BJ’s Wholesale Club during the third quarter valued at about $202,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of BJ’s Wholesale Club by 16.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,390 shares of the company’s stock valued at $1,527,000 after purchasing an additional 3,026 shares in the last quarter. Inspire Investing LLC grew its stake in shares of BJ’s Wholesale Club by 30.1% in the 3rd quarter. Inspire Investing LLC now owns 21,024 shares of the company’s stock worth $1,500,000 after purchasing an additional 4,864 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of BJ’s Wholesale Club by 3.7% in the 3rd quarter. Whittier Trust Co. now owns 101,973 shares of the company’s stock worth $7,277,000 after purchasing an additional 3,659 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in BJ’s Wholesale Club by 2.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 51,015 shares of the company’s stock valued at $3,640,000 after purchasing an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 0.9 %

Shares of BJ’s Wholesale Club stock opened at $77.04 on Wednesday. The stock has a 50-day simple moving average of $75.28 and a 200-day simple moving average of $69.84. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $60.33 and a 52-week high of $80.42. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 3.20 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm 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 company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. On average, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Monica Schwartz sold 13,578 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the completion of the sale, the executive vice president now owns 13,545 shares of the company’s stock, valued at $1,067,481.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Monica Schwartz sold 13,578 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the transaction, the executive vice president now directly owns 13,545 shares of the company’s stock, valued at approximately $1,067,481.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the sale, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The disclosure for this sale can be found here. Insiders have sold 98,840 shares of company stock valued at $7,408,605 over the last three months. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI dropped their price target on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their target price for the company from $81.00 to $87.00 in a report on Monday, April 8th. JPMorgan Chase & Co. lifted their price target on 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. Loop Capital restated a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Finally, Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Hold” and a consensus price target of $74.40.

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.