BJs Wholesale Club Holdings Inc (NYSE:BJ) Stake Boosted by Wells Fargo & Company MN

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Wells Fargo & Company MN increased its stake in BJs Wholesale Club Holdings Inc (NYSE:BJ) by 240.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,037,471 shares of the company’s stock after purchasing an additional 732,873 shares during the quarter. Wells Fargo & Company MN owned approximately 0.75% of BJs Wholesale Club worth $27,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of BJs Wholesale Club by 0.7% during the first quarter. FMR LLC now owns 20,674,569 shares of the company’s stock worth $566,483,000 after buying an additional 149,164 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of BJs Wholesale Club by 74.9% in the first quarter. Clearbridge Investments LLC now owns 4,107,167 shares of the company’s stock valued at $112,536,000 after buying an additional 1,759,303 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of BJs Wholesale Club by 6.1% in the first quarter. TimesSquare Capital Management LLC now owns 3,037,590 shares of the company’s stock valued at $83,230,000 after buying an additional 174,300 shares during the last quarter. Rothschild & Co. Asset Management US Inc. acquired a new stake in shares of BJs Wholesale Club in the second quarter valued at approximately $38,494,000. Finally, Westwood Holdings Group Inc. lifted its position in shares of BJs Wholesale Club by 112.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,433,437 shares of the company’s stock valued at $39,276,000 after buying an additional 758,506 shares during the last quarter. 98.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BJ traded up $0.67 during midday trading on Thursday, hitting $27.01. The company’s stock had a trading volume of 16,357 shares, compared to its average volume of 2,272,541. BJs Wholesale Club Holdings Inc has a one year low of $19.31 and a one year high of $32.92. The company’s fifty day simple moving average is $24.02 and its two-hundred day simple moving average is $25.69. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.44.

BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. BJs Wholesale Club had a negative return on equity of 102.69% and a net margin of 1.59%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the company posted $0.31 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that BJs Wholesale Club Holdings Inc will post 1.48 EPS for the current year.

BJ has been the subject of a number of recent analyst reports. Goldman Sachs Group initiated coverage on BJs Wholesale Club in a research report on Thursday, July 11th. They issued a “buy” rating and a $29.00 price objective for the company. ValuEngine raised BJs Wholesale Club from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Zacks Investment Research cut BJs Wholesale Club from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. UBS Group raised their price objective on BJs Wholesale Club from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley raised their price objective on BJs Wholesale Club from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $31.17.

In other BJs Wholesale Club news, EVP Jeff Desroches sold 6,700 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.72, for a total transaction of $179,024.00. Following the completion of the sale, the executive vice president now directly owns 163,820 shares of the company’s stock, valued at approximately $4,377,270.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kirk Saville sold 7,812 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $25.76, for a total value of $201,237.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,052,486 shares of company stock worth $222,394,761. 17.70% of the stock is owned by company 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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Institutional Ownership by Quarter for BJs Wholesale Club (NYSE:BJ)

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