OppenheimerFunds Inc. purchased a new position in BJs Wholesale Club Holdings Inc (NYSE:BJ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,324,440 shares of the company’s stock, valued at approximately $36,290,000. OppenheimerFunds Inc. owned approximately 0.96% of BJs Wholesale Club at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in BJs Wholesale Club by 1,415.3% during the third quarter. Bank of New York Mellon Corp now owns 190,777 shares of the company’s stock worth $5,109,000 after acquiring an additional 178,187 shares in the last quarter. Morgan Stanley boosted its stake in BJs Wholesale Club by 3,161.1% during the third quarter. Morgan Stanley now owns 285,414 shares of the company’s stock worth $7,643,000 after acquiring an additional 276,662 shares in the last quarter. Bank of Montreal Can boosted its stake in BJs Wholesale Club by 8,446.1% during the fourth quarter. Bank of Montreal Can now owns 77,940 shares of the company’s stock worth $1,727,000 after acquiring an additional 77,028 shares in the last quarter. Strs Ohio boosted its stake in BJs Wholesale Club by 57.6% during the fourth quarter. Strs Ohio now owns 19,700 shares of the company’s stock worth $436,000 after acquiring an additional 7,200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in BJs Wholesale Club during the fourth quarter worth $81,000. Institutional investors own 89.01% of the company’s stock.
Shares of BJs Wholesale Club stock traded down $0.23 during trading hours on Wednesday, reaching $24.52. The company’s stock had a trading volume of 11,067 shares, compared to its average volume of 1,602,774. BJs Wholesale Club Holdings Inc has a one year low of $19.31 and a one year high of $32.92. The firm has a market capitalization of $3.44 billion and a price-to-earnings ratio of 21.46.
BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 72.36%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. BJs Wholesale Club’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that BJs Wholesale Club Holdings Inc will post 1.47 earnings per share for the current fiscal year.
In related news, SVP Kristyn M. Sugrue sold 6,802 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $28.00, for a total transaction of $190,456.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $24.53, for a total transaction of $214,637,500.00. The disclosure for this sale can be found here. Insiders sold 9,167,524 shares of company stock worth $226,125,693 over the last ninety days. Insiders own 17.70% of the company’s stock.
Several research analysts recently issued reports on the stock. Nomura cut their target price on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Gordon Haskett raised shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Zacks Investment Research lowered shares of BJs Wholesale Club from a “buy” rating to a “sell” rating in a research note on Monday, May 27th. Morgan Stanley set a $28.00 target price on shares of BJs Wholesale Club and gave the stock a “hold” rating in a research note on Friday, May 24th. Finally, Citigroup increased their target price on shares of BJs Wholesale Club from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.43.
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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