BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. lifted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 185,071 shares of the company’s stock after buying an additional 16,157 shares during the quarter. Congress Asset Management Co. owned approximately 0.14% of BJ’s Wholesale Club worth $15,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BJ. Blue Trust Inc. purchased a new stake in BJ’s Wholesale Club during the 2nd quarter worth approximately $25,000. Davis Capital Management acquired a new position in BJ’s Wholesale Club during the 3rd quarter worth $25,000. UMB Bank n.a. increased its holdings in BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. J.Safra Asset Management Corp acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $45,000. Finally, Benjamin Edwards Inc. boosted its stake in shares of BJ’s Wholesale Club by 394.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after buying an additional 501 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BJ has been the topic of several analyst reports. Bank of America reduced their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Roth Mkm lifted their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Loop Capital raised their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.31.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,000 shares of company stock worth $1,878,220. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $84.73 on Friday. The firm has a market cap of $11.24 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.27 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37. The business’s 50-day moving average price is $83.05 and its 200 day moving average price is $83.84. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same period last year, the business posted $0.97 EPS. The company’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.