Renaissance Technologies LLC Has $39.50 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Renaissance Technologies LLC boosted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 55.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 442,054 shares of the company’s stock after purchasing an additional 156,900 shares during the quarter. Renaissance Technologies LLC’s holdings in BJ’s Wholesale Club were worth $39,498,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of BJ’s Wholesale Club by 0.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock worth $1,787,000 after buying an additional 105 shares during the last quarter. Lifestyle Asset Management Inc. raised its position in shares of BJ’s Wholesale Club by 0.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock valued at $1,191,000 after acquiring an additional 108 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in shares of BJ’s Wholesale Club by 0.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock valued at $1,353,000 after purchasing an additional 111 shares during the period. Venturi Wealth Management LLC boosted its position in shares of BJ’s Wholesale Club by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock worth $267,000 after purchasing an additional 132 shares during the last quarter. Finally, Cornerstone Investment Partners LLC grew its stake in shares of BJ’s Wholesale Club by 2.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company’s stock worth $470,000 after purchasing an additional 132 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Insider Activity at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 14,192 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the transaction, the executive vice president now directly owns 26,113 shares of the company’s stock, valued at approximately $3,071,933.32. This represents a 35.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction that occurred 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 directly owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 326,405 shares of company stock valued at $37,201,232. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BJ. Argus upgraded BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. 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. Loop Capital upped their target price on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Citigroup raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. Finally, Barclays upped their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.82.

BJ’s Wholesale Club Stock Up 4.1 %

BJ stock opened at $117.68 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock has a market capitalization of $15.50 billion, a P/E ratio of 28.29, a P/E/G ratio of 4.50 and a beta of 0.54. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $120.43. The business has a 50-day moving average of $108.62 and a 200-day moving average of $97.31.

BJ’s Wholesale Club (NYSE:BJ) last released 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 during the quarter, compared to the consensus estimate of $5.29 billion. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ’s Wholesale Club Company 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.