Voloridge Investment Management LLC acquired a new stake in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 96,550 shares of the company’s stock, valued at approximately $2,498,000. Voloridge Investment Management LLC owned about 0.07% of BJs Wholesale Club at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in BJs Wholesale Club by 17.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,142,930 shares of the company’s stock worth $320,574,000 after purchasing an additional 1,774,604 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of BJs Wholesale Club in the second quarter worth about $144,291,000. JPMorgan Chase & Co. lifted its holdings in shares of BJs Wholesale Club by 5.7% during the second quarter. JPMorgan Chase & Co. now owns 3,282,403 shares of the company’s stock worth $86,919,000 after purchasing an additional 177,110 shares during the period. Victory Capital Management Inc. boosted its position in BJs Wholesale Club by 161.0% in the second quarter. Victory Capital Management Inc. now owns 3,135,680 shares of the company’s stock valued at $82,782,000 after buying an additional 1,934,470 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in BJs Wholesale Club by 8.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,756,472 shares of the company’s stock worth $71,310,000 after buying an additional 207,022 shares during the period.
Several brokerages have commented on BJ. William Blair restated a “buy” rating on shares of BJs Wholesale Club in a research note on Friday, November 22nd. Nomura started coverage on shares of BJs Wholesale Club in a report on Friday, November 8th. They issued a “buy” rating and a $30.00 price objective on the stock. Morgan Stanley increased their price objective on shares of BJs Wholesale Club from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. ValuEngine raised shares of BJs Wholesale Club from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, UBS Group boosted their target price on shares of BJs Wholesale Club from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $30.36.
BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.30 billion. BJs Wholesale Club had a net margin of 1.60% and a negative return on equity of 137.06%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. On average, equities research analysts anticipate that BJs Wholesale Club Holdings Inc will post 1.47 EPS for the current year.
In related news, EVP Brian Poulliot sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $25.37, for a total value of $253,700.00. Also, SVP William C. Werner sold 8,775 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $27.26, for a total value of $239,206.50. Following the transaction, the senior vice president now directly owns 59,629 shares of the company’s stock, valued at $1,625,486.54. The disclosure for this sale can be found here. Insiders have sold 3,464,785 shares of company stock worth $89,262,478 over the last three months. 17.70% of the stock is currently owned by insiders.
BJs Wholesale Club 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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