BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,330,361 shares of the company’s stock after buying an additional 245,731 shares during the period. Clearbridge Investments LLC’s holdings in BJ’s Wholesale Club were worth $208,218,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BJ. Tortoise Investment Management LLC lifted its holdings in shares of BJ’s Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after purchasing an additional 233 shares during the period. Brown Brothers Harriman & Co. raised its position in BJ’s Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock worth $47,000 after acquiring an additional 457 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in BJ’s Wholesale Club in the third quarter valued at $55,000. UMB Bank n.a. boosted 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 purchasing an additional 253 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of BJ’s Wholesale Club by 151.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock worth $104,000 after purchasing an additional 703 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.5 %

Shares of NYSE BJ opened at $111.86 on Monday. The firm has a market cap of $14.73 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $118.40. The firm’s 50 day moving average price is $104.94 and its 200 day moving average price is $94.93.

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

Insiders Place Their Bets

In related news, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction dated 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 sale, the director now owns 24,351 shares of the company’s stock, valued at $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BJ has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group boosted their price target on BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Robert W. Baird raised their price objective on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Loop Capital lifted their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Finally, Morgan Stanley upped their target price on BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average target price of $108.71.

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.