Quantinno Capital Management LP Has $2.64 Million Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Quantinno Capital Management LP increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,550 shares of the company’s stock after acquiring an additional 5,650 shares during the period. Quantinno Capital Management LP’s holdings in BJ’s Wholesale Club were worth $2,640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in BJ’s Wholesale Club by 118.6% in the 3rd quarter. Barclays PLC now owns 144,652 shares of the company’s stock worth $11,931,000 after buying an additional 78,470 shares during the period. Park Avenue Securities LLC raised its position in shares of BJ’s Wholesale Club by 30.3% during the 4th quarter. Park Avenue Securities LLC now owns 10,647 shares of the company’s stock valued at $951,000 after buying an additional 2,477 shares in the last quarter. Merit Financial Group LLC purchased a new position in BJ’s Wholesale Club in the 4th quarter worth $272,000. HB Wealth Management LLC purchased a new position in BJ’s Wholesale Club in the 4th quarter worth $221,000. Finally, Diversify Wealth Management LLC raised its position in BJ’s Wholesale Club by 48.9% in the 4th quarter. Diversify Wealth Management LLC now owns 9,761 shares of the company’s stock worth $943,000 after purchasing an additional 3,207 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ stock opened at $119.04 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10. The stock’s fifty day moving average is $114.38 and its two-hundred day moving average is $103.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 4.50 and a beta of 0.59.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. On average, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BJ. Argus raised shares of BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Morgan Stanley increased their price objective on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. DA Davidson lifted their price objective on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Citigroup upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.06.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. The trade was a 32.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 31,308 shares of the company’s stock, valued at $3,456,716.28. This represents a 38.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 328,505 shares of company stock valued at $37,452,686 in the last three months. Company insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.