Allspring Global Investments Holdings LLC Has $786,000 Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Allspring Global Investments Holdings LLC lifted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) by 36.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,818 shares of the company’s stock after purchasing an additional 2,884 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BJ’s Wholesale Club were worth $786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brandywine Oak Private Wealth LLC grew its position in shares of BJ’s Wholesale Club by 10.9% in the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 5,077 shares of the company’s stock valued at $316,000 after purchasing an additional 500 shares during the period. TIAA FSB acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter valued at approximately $544,000. EverSource Wealth Advisors LLC acquired a new position in BJ’s Wholesale Club during the 2nd quarter worth approximately $67,000. First Horizon Advisors Inc. boosted its position in BJ’s Wholesale Club by 94.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock worth $38,000 after acquiring an additional 307 shares during the last quarter. Finally, CI Investments Inc. boosted its position in BJ’s Wholesale Club by 11.9% during the 2nd quarter. CI Investments Inc. now owns 11,518 shares of the company’s stock worth $718,000 after acquiring an additional 1,226 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Up 0.4 %

BJ opened at $67.93 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $51.45 and a 1-year high of $80.41. The stock’s fifty day simple moving average is $69.95 and its 200 day simple moving average is $71.78. The company has a current ratio of 0.72, a quick ratio of 0.14 and a debt-to-equity ratio of 0.64. The stock has a market cap of $9.18 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.93 and a beta of 0.46.

BJ’s Wholesale Club (NYSE:BJGet Rating) last posted its quarterly earnings results on Thursday, November 17th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.16. BJ’s Wholesale Club had a return on equity of 64.35% and a net margin of 2.62%. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.70 billion. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on BJ’s Wholesale Club from $64.00 to $65.00 and gave the stock an “underweight” rating in a research report on Friday, November 18th. Evercore ISI assumed coverage on BJ’s Wholesale Club in a research report on Wednesday, December 21st. They set an “inline” rating and a $70.00 price target for the company. Wells Fargo & Company reduced their price target on BJ’s Wholesale Club from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, January 4th. MKM Partners upped their price target on BJ’s Wholesale Club from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 18th. Finally, Loop Capital reduced their price target on BJ’s Wholesale Club from $95.00 to $85.00 in a research report on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.53.

Insider Activity at BJ’s Wholesale Club

In related news, EVP Scott Kessler sold 13,360 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $68.88, for a total value of $920,236.80. Following the sale, the executive vice president now owns 112,946 shares in the company, valued at approximately $7,779,720.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, EVP Scott Kessler sold 13,360 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $68.88, for a total transaction of $920,236.80. Following the transaction, the executive vice president now owns 112,946 shares in the company, valued at approximately $7,779,720.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 1,975 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $69.30, for a total value of $136,867.50. Following the transaction, the senior vice president now owns 10,083 shares in the company, valued at approximately $698,751.90. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

About BJ’s Wholesale Club

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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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