International Assets Investment Management LLC Buys Shares of 86,191 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) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 86,191 shares of the company’s stock, valued at approximately $5,745,000. International Assets Investment Management LLC owned about 0.06% of BJ’s Wholesale Club as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BJ. Boston Trust Walden Corp boosted its stake in shares of BJ’s Wholesale Club by 2.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,073,646 shares of the company’s stock valued at $71,569,000 after purchasing an additional 20,703 shares in the last quarter. Trust Point Inc. acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter valued at about $211,000. LVZ Inc. boosted its stake in shares of BJ’s Wholesale Club by 8.3% during the fourth quarter. LVZ Inc. now owns 7,008 shares of the company’s stock valued at $467,000 after purchasing an additional 540 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in shares of BJ’s Wholesale Club by 4.5% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 107,155 shares of the company’s stock valued at $7,043,000 after purchasing an additional 4,605 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter valued at about $102,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 1.1 %

NYSE BJ opened at $76.15 on Tuesday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 3.33 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.33 and a 52 week high of $80.42. The business has a 50 day moving average price of $73.26 and a 200-day moving average price of $69.27. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27.

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

Insider Buying and Selling

In related news, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the sale, the director now owns 173,294 shares in the company, valued at $12,815,091.30. The sale was disclosed in a 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 on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the sale, the director now owns 173,294 shares in the company, valued at $12,815,091.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the sale, the chief executive officer now owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,840 shares of company stock worth $7,331,235. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on BJ. Wells Fargo & Company reissued an “equal weight” rating and set a $70.00 price target (down from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. Gordon Haskett lowered 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. Evercore ISI cut their price objective on BJ’s Wholesale Club from $84.00 to $80.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $81.00 to $87.00 in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. lifted their price objective 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club has an average rating of “Hold” and an average price target of $74.53.

About BJ’s Wholesale Club

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.