Trexquant Investment LP Purchases Shares of 33,751 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Trexquant Investment LP acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,751 shares of the company’s stock, valued at approximately $2,250,000.

A number of other hedge funds also recently made changes to their positions in BJ. FMR LLC lifted its holdings in BJ’s Wholesale Club by 39.7% during the 3rd quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after purchasing an additional 4,548,963 shares during the last quarter. Norges Bank bought a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $81,646,000. Massachusetts Financial Services Co. MA bought a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $50,994,000. Victory Capital Management Inc. increased its stake in shares of BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after purchasing an additional 590,113 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in BJ’s Wholesale Club by 38.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after acquiring an additional 467,575 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

BJ stock opened at $88.14 on Friday. The firm has a market cap of $11.71 billion, a PE ratio of 22.89, a P/E/G ratio of 3.61 and a beta of 0.27. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $76.94 and a 200-day moving average of $70.85. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $60.33 and a 12-month high of $88.35.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the company earned $0.85 earnings per share. BJ’s Wholesale Club’s revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.9 earnings per share for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the sale, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the sale, the director now owns 173,294 shares in the company, valued at approximately $12,815,091.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,840 shares of company stock valued at $7,408,605. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI boosted their price objective on BJ’s Wholesale Club from $80.00 to $86.00 and gave the stock an “in-line” rating in a research report on Friday. Robert W. Baird upped their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday. Loop Capital reissued a “hold” rating and issued a $80.00 price objective (down from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. TD Cowen boosted their price objective on BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Friday. Finally, UBS Group boosted their price objective on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $81.18.

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.