Marshall Wace LLP Purchases Shares of 902,695 BJs Wholesale Club Holdings Inc (BJ)

Marshall Wace LLP purchased a new position in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 902,695 shares of the company’s stock, valued at approximately $24,174,000. Marshall Wace LLP owned about 0.67% of BJs Wholesale Club at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BJ. FMR LLC acquired a new position in shares of BJs Wholesale Club in the second quarter worth approximately $200,102,000. Davidson Kempner Capital Management LP acquired a new position in shares of BJs Wholesale Club in the second quarter worth approximately $11,825,000. Point72 Hong Kong Ltd acquired a new position in shares of BJs Wholesale Club in the second quarter worth approximately $697,000. Millennium Management LLC acquired a new position in shares of BJs Wholesale Club in the second quarter worth approximately $37,390,000. Finally, BlackRock Inc. acquired a new position in shares of BJs Wholesale Club in the second quarter worth approximately $9,692,000. Institutional investors own 83.77% of the company’s stock.

Shares of BJ opened at $23.46 on Friday. BJs Wholesale Club Holdings Inc has a 52-week low of $19.31 and a 52-week high of $32.92.

BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Tuesday, November 20th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the firm posted $0.25 earnings per share. BJs Wholesale Club’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that BJs Wholesale Club Holdings Inc will post 0.95 EPS for the current year.

In other news, SVP Graham Luce sold 31,523 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $25.09, for a total transaction of $790,912.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Baldwin sold 302,668 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $25.09, for a total value of $7,593,940.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,430,535 shares of company stock worth $400,833,662.

A number of equities analysts recently commented on BJ shares. Zacks Investment Research lowered BJs Wholesale Club from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. Northcoast Research started coverage on BJs Wholesale Club in a research note on Tuesday, September 25th. They issued a “buy” rating and a $38.00 price objective on the stock. Morgan Stanley reaffirmed a “hold” rating and issued a $30.00 price objective (up from $28.00) on shares of BJs Wholesale Club in a research note on Thursday, October 11th. Loop Capital lifted their price objective on BJs Wholesale Club to $30.00 and gave the stock a “positive” rating in a research note on Tuesday, August 28th. Finally, Citigroup lifted their price objective on BJs Wholesale Club from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $29.85.

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BJs Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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

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