BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC grew its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,140 shares of the company’s stock after acquiring an additional 928 shares during the quarter. New York Life Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $1,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BJ. Victory Capital Management Inc. boosted its holdings in shares of BJ’s Wholesale Club by 13.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock worth $342,385,000 after purchasing an additional 590,113 shares during the last quarter. Norden Group LLC boosted its stake in BJ’s Wholesale Club by 7.6% in the 4th quarter. Norden Group LLC now owns 12,732 shares of the company’s stock worth $849,000 after buying an additional 901 shares during the last quarter. Gitterman Wealth Management LLC purchased a new stake in BJ’s Wholesale Club in the 4th quarter valued at about $261,000. Alliance Wealth Advisors LLC UT increased its stake in shares of BJ’s Wholesale Club by 3.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 11,666 shares of the company’s stock valued at $778,000 after acquiring an additional 438 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of BJ’s Wholesale Club by 46.0% during the 4th quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock worth $3,603,000 after acquiring an additional 17,024 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Price Performance

BJ opened at $77.04 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $60.33 and a twelve month high of $80.42. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 3.20 and a beta of 0.27. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $75.28 and a 200 day simple moving average of $69.84.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same period in the prior year, the company posted $1.00 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BJ. Gordon Haskett downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Wednesday, February 7th. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. Loop Capital reissued a “hold” rating and set a $80.00 price target (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. JPMorgan Chase & Co. raised their price objective on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Finally, Evercore ISI reduced their price objective on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.40.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the sale, the senior vice president now owns 12,905 shares in the company, valued at $998,459.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at $998,459.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Monica Schwartz sold 13,578 shares of BJ’s Wholesale Club stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the completion of the transaction, the executive vice president now owns 13,545 shares of the company’s stock, valued at $1,067,481.45. The disclosure for this sale can be found here. Insiders sold a total of 98,840 shares of company stock worth $7,408,605 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

About BJ’s Wholesale Club

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