Marshall Wace North America L.P. lifted its position in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) by 618.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,410 shares of the company’s stock after buying an additional 559,931 shares during the period. Marshall Wace North America L.P. owned about 0.48% of BJs Wholesale Club worth $17,418,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in BJs Wholesale Club in the 3rd quarter worth approximately $24,174,000. Clearbridge Investments LLC increased its stake in BJs Wholesale Club by 106.8% in the 3rd quarter. Clearbridge Investments LLC now owns 1,475,222 shares of the company’s stock worth $39,506,000 after purchasing an additional 761,992 shares during the period. Vanguard Group Inc. increased its stake in BJs Wholesale Club by 668.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,148,025 shares of the company’s stock worth $164,644,000 after purchasing an additional 5,348,025 shares during the period. Morgan Stanley increased its stake in shares of BJs Wholesale Club by 3,161.1% during the third quarter. Morgan Stanley now owns 285,414 shares of the company’s stock valued at $7,643,000 after buying an additional 276,662 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of BJs Wholesale Club by 329.0% during the third quarter. Legal & General Group Plc now owns 85,793 shares of the company’s stock valued at $2,298,000 after buying an additional 65,793 shares during the period. 83.77% of the stock is currently owned by institutional investors.
NYSE BJ opened at $23.46 on Friday. BJs Wholesale Club Holdings Inc has a twelve month low of $19.31 and a twelve month high of $32.92.
BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Tuesday, November 20th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts predict that BJs Wholesale Club Holdings Inc will post 0.95 earnings per share for the current year.
In related news, Director Tommy Yin sold 15,034,658 shares of BJs Wholesale Club stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $26.00, for a total transaction of $390,901,108.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Graham Luce sold 31,523 shares of BJs Wholesale Club stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $25.09, for a total value of $790,912.07. The disclosure for this sale can be found here. Insiders have sold 15,430,535 shares of company stock worth $400,833,662 over the last 90 days.
Several equities analysts have recently issued reports on BJ shares. Citigroup started coverage on BJs Wholesale Club in a research note on Tuesday, October 2nd. They set a “buy” rating and a $31.00 target price on the stock. Northcoast Research started coverage on BJs Wholesale Club in a research note on Tuesday, September 25th. They set a “buy” rating and a $38.00 target price on the stock. Loop Capital boosted their target price on BJs Wholesale Club to $35.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. Zacks Investment Research raised BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, October 23rd. Finally, Morgan Stanley reduced their target price on BJs Wholesale Club from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, November 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.85.
BJs Wholesale Club Company 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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