75,000 Shares in BJs Wholesale Club Holdings Inc (BJ) Acquired by Luminus Management LLC

Luminus Management LLC purchased a new position in BJs Wholesale Club Holdings Inc (NYSE:BJ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 75,000 shares of the company’s stock, valued at approximately $2,009,000. Luminus Management LLC owned approximately 0.06% of BJs Wholesale Club as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Amica Retiree Medical Trust acquired a new position in shares of BJs Wholesale Club in the third quarter worth $114,000. Tower Research Capital LLC TRC acquired a new position in shares of BJs Wholesale Club in the third quarter worth $169,000. Jane Street Group LLC acquired a new position in shares of BJs Wholesale Club in the second quarter worth $280,000. Bank of New York Mellon Corp acquired a new position in shares of BJs Wholesale Club in the second quarter worth $298,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of BJs Wholesale Club in the second quarter worth $311,000. Institutional investors and hedge funds own 83.77% of the company’s stock.

In related news, CEO Christopher J. Baldwin sold 302,668 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $25.09, for a total value of $7,593,940.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Graham Luce sold 31,523 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $25.09, for a total transaction of $790,912.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,430,535 shares of company stock valued at $400,833,662.

Several equities analysts have commented on the stock. William Blair restated an “outperform” rating on shares of BJs Wholesale Club in a research note on Monday, November 26th. Zacks Investment Research upgraded shares of BJs Wholesale Club from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research note on Wednesday, November 28th. Morgan Stanley lowered their target price on shares of BJs Wholesale Club from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, November 23rd. Wells Fargo & Co reiterated a “hold” rating on shares of BJs Wholesale Club in a research note on Wednesday, November 21st. Finally, CIBC initiated coverage on shares of BJs Wholesale Club in a research note on Thursday, October 18th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.85.

Shares of BJ stock opened at $22.60 on Friday. BJs Wholesale Club Holdings Inc has a 12 month low of $19.31 and a 12 month high of $32.92.

BJs Wholesale Club (NYSE:BJ) last issued its earnings results on Tuesday, November 20th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.16 billion. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Analysts forecast that BJs Wholesale Club Holdings Inc will post 0.95 earnings per share for the current fiscal year.

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BJs Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Institutional Ownership by Quarter for BJs Wholesale Club (NYSE:BJ)

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