Bank of New York Mellon Corp increased its stake in BJs Wholesale Club Holdings Inc (NYSE:BJ) by 1,415.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,777 shares of the company’s stock after purchasing an additional 178,187 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.14% of BJs Wholesale Club worth $5,109,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of BJ. FMR LLC purchased a new position in BJs Wholesale Club during the 2nd quarter valued at about $200,102,000. First Trust Advisors LP purchased a new position in BJs Wholesale Club during the 3rd quarter valued at about $3,376,000. BlackRock Inc. purchased a new position in BJs Wholesale Club during the 2nd quarter valued at about $9,692,000. Monarch Partners Asset Management LLC grew its stake in BJs Wholesale Club by 18.8% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 772,343 shares of the company’s stock valued at $20,683,000 after acquiring an additional 122,343 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in BJs Wholesale Club by 286.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 50,885 shares of the company’s stock valued at $1,361,000 after acquiring an additional 37,734 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Christopher J. Baldwin sold 48,622 shares of the business’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $26.00, for a total value of $1,264,172.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Graham Luce sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $25.63, for a total value of $256,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 388,641 shares of company stock valued at $9,784,454.
BJ has been the topic of several research analyst reports. Zacks Investment Research raised BJs Wholesale Club from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, November 28th. Wells Fargo & Co reaffirmed a “hold” rating on shares of BJs Wholesale Club in a research note on Wednesday, November 21st. Barclays initiated coverage on BJs Wholesale Club in a research note on Friday, February 1st. They set an “equal weight” rating on the stock. Morgan Stanley lowered 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. Finally, William Blair reaffirmed an “outperform” rating on shares of BJs Wholesale Club in a research note on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. BJs Wholesale Club has a consensus rating of “Hold” and an average target price of $30.08.
BJ opened at $25.49 on Thursday. 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 posted its earnings results on Tuesday, November 20th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts anticipate that BJs Wholesale Club Holdings Inc will post 0.95 EPS for the current fiscal year.
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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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