Symmetry Partners LLC Purchases Shares of 3,688 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Symmetry Partners LLC purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) during the 4th quarter, Holdings Channel reports. The firm purchased 3,688 shares of the company’s stock, valued at approximately $244,000.

Other large investors also recently made changes to their positions in the company. New York State Common Retirement Fund increased its stake in shares of BJ’s Wholesale Club by 13.0% in the third quarter. New York State Common Retirement Fund now owns 248,338 shares of the company’s stock valued at $18,081,000 after purchasing an additional 28,606 shares during the period. Fred Alger Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 0.7% in the third quarter. Fred Alger Management LLC now owns 535,670 shares of the company’s stock valued at $39,002,000 after acquiring an additional 3,573 shares in the last quarter. Axiom Investors LLC DE bought a new position in shares of BJ’s Wholesale Club in the third quarter valued at approximately $9,592,000. CI Investments Inc. boosted its holdings in shares of BJ’s Wholesale Club by 11.9% in the second quarter. CI Investments Inc. now owns 11,518 shares of the company’s stock valued at $718,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of BJ’s Wholesale Club in the third quarter valued at approximately $37,050,000. Institutional investors and hedge funds own 93.72% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In related news, EVP Jeff Desroches sold 1,716 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $74.83, for a total value of $128,408.28. Following the completion of the sale, the executive vice president now owns 91,881 shares in the company, valued at approximately $6,875,455.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 1,716 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $74.83, for a total value of $128,408.28. Following the completion of the sale, the executive vice president now owns 91,881 shares in the company, valued at approximately $6,875,455.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 1,300 shares of the stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $91,104.00. Following the completion of the sale, the chief executive officer now owns 189,984 shares of the company’s stock, valued at approximately $13,314,078.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,206 shares of company stock worth $1,124,675. 2.10% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Stock Down 1.0 %

Shares of NYSE:BJ opened at $75.12 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.13 and a current ratio of 0.67. The company has a market cap of $10.15 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.05 and a beta of 0.48. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $51.45 and a 52 week high of $80.41. The firm has a 50 day simple moving average of $72.46 and a 200 day simple moving average of $72.77.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last issued its quarterly earnings results on Thursday, March 9th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.89 by $0.11. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.78 billion. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.98 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on BJ. Evercore ISI increased their price objective on shares of BJ’s Wholesale Club from $75.00 to $80.00 in a report on Friday, March 10th. Robert W. Baird increased their price objective on shares of BJ’s Wholesale Club from $85.00 to $90.00 in a report on Friday, March 10th. Barclays increased their price objective on shares of BJ’s Wholesale Club from $24.00 to $25.00 in a report on Tuesday, February 21st. Wells Fargo & Company decreased their price objective on shares of BJ’s Wholesale Club from $81.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. Finally, Loop Capital reduced their target price on shares of BJ’s Wholesale Club from $95.00 to $85.00 in a report on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Hold” and an average price target of $76.81.

About BJ’s Wholesale Club

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BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.