Massar Capital Management LP Makes New Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Massar Capital Management LP bought a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,944 shares of the company’s stock, valued at approximately $2,318,000. BJ’s Wholesale Club makes up approximately 2.6% of Massar Capital Management LP’s holdings, making the stock its 11th biggest holding.

Other institutional investors have also made changes to their positions in the company. Covestor Ltd lifted its stake in shares of BJ’s Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after acquiring an additional 115 shares during the period. Brown Brothers Harriman & Co. lifted its position in BJ’s Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after purchasing an additional 457 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after purchasing an additional 233 shares during the last quarter. UMB Bank n.a. grew its position in shares of BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after buying an additional 253 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in BJ’s Wholesale Club in the third quarter valued at approximately $55,000. 98.60% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Robert W. Eddy sold 280,400 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the sale, the chief executive officer now owns 422,033 shares in the company, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the transaction, the executive vice president now owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 328,505 shares of company stock worth $37,452,686 over the last ninety days. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the subject of a number of analyst reports. Loop Capital lifted their target price on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Argus upgraded BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. The Goldman Sachs Group increased their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. DA Davidson upped 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.82.

BJ’s Wholesale Club Trading Down 3.6 %

BJ opened at $114.23 on Tuesday. The firm’s fifty day simple moving average is $110.33 and its 200 day simple moving average is $99.07. The stock has a market capitalization of $15.04 billion, a P/E ratio of 27.46, a P/E/G ratio of 4.50 and a beta of 0.54. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $73.01 and a 12 month high of $121.10.

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

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.