Mitsubishi UFJ Trust & Banking Corp Buys 5,385 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) by 25.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 26,147 shares of the company’s stock after acquiring an additional 5,385 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in BJ’s Wholesale Club were worth $1,629,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BJ. Northwestern Mutual Wealth Management Co. boosted its stake in BJ’s Wholesale Club by 71.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in BJ’s Wholesale Club in the first quarter worth $35,000. Cambridge Trust Co. raised its holdings in BJ’s Wholesale Club by 292.0% in the first quarter. Cambridge Trust Co. now owns 537 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the period. First Horizon Advisors Inc. raised its holdings in BJ’s Wholesale Club by 94.5% in the second quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock worth $38,000 after purchasing an additional 307 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new stake in BJ’s Wholesale Club in the second quarter worth $47,000. 98.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. William Blair reiterated an “outperform” rating on shares of BJ’s Wholesale Club in a report on Wednesday, October 12th. The Goldman Sachs Group raised their price objective on shares of BJ’s Wholesale Club from $63.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 19th. MKM Partners raised their price objective on shares of BJ’s Wholesale Club from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group raised their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 19th. Finally, Bank of America upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $72.00 to $83.00 in a report on Thursday, August 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $80.38.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $72.69 on Monday. The firm has a 50-day moving average of $74.90 and a 200-day moving average of $68.95. BJ’s Wholesale Club Holdings, Inc. has a one year low of $51.45 and a one year high of $80.41. The company has a market cap of $9.82 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.72 and a quick ratio of 0.17.

BJ’s Wholesale Club (NYSE:BJGet Rating) last announced its earnings results on Thursday, August 18th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.63 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 64.35%. BJ’s Wholesale Club’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.8 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Scott Kessler sold 13,359 shares of BJ’s Wholesale Club stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $76.36, for a total transaction of $1,020,093.24. Following the completion of the sale, the executive vice president now owns 116,791 shares of the company’s stock, valued at approximately $8,918,160.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

BJ’s Wholesale Club Company Profile

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BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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

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