CenterBook Partners LP Takes $1.07 Million Position in BJ’s Wholesale Club Holdings, Inc. $BJ

CenterBook Partners LP acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,483 shares of the company’s stock, valued at approximately $1,071,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BJ. Norges Bank acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter valued at $178,952,000. Massachusetts Financial Services Co. MA raised its holdings in BJ’s Wholesale Club by 31.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock valued at $446,817,000 after buying an additional 1,152,591 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in BJ’s Wholesale Club by 4,711.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 925,002 shares of the company’s stock valued at $99,743,000 after buying an additional 905,778 shares during the last quarter. Select Equity Group L.P. boosted its stake in BJ’s Wholesale Club by 38.6% during the second quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock worth $260,028,000 after buying an additional 672,122 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of BJ’s Wholesale Club by 1,668.4% during the second quarter. Qube Research & Technologies Ltd now owns 511,344 shares of the company’s stock valued at $55,138,000 after acquiring an additional 482,429 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the sale, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Down 2.8%

Shares of NYSE BJ opened at $96.38 on Friday. The stock has a market cap of $12.61 billion, a P/E ratio of 22.21, a PEG ratio of 2.57 and a beta of 0.36. The business’s fifty day simple moving average is $94.83 and its 200-day simple moving average is $94.99. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $86.68 and a 12-month high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.07. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.BJ’s Wholesale Club’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 EPS. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BJ. Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Monday, December 29th. The Goldman Sachs Group cut their target price on BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. TD Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Wells Fargo & Company dropped their target price on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.63.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.