Primecap Management Co. CA Has $71.17 Million Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Primecap Management Co. CA reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 862,880 shares of the company’s stock after selling 4,820 shares during the quarter. Primecap Management Co. CA owned approximately 0.65% of BJ’s Wholesale Club worth $71,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ontario Teachers Pension Plan Board grew its stake in shares of BJ’s Wholesale Club by 37.3% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,662 shares of the company’s stock worth $1,292,000 after acquiring an additional 4,256 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of BJ’s Wholesale Club by 280.5% in the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock worth $43,990,000 after acquiring an additional 393,181 shares in the last quarter. Commerce Bank raised its position in BJ’s Wholesale Club by 5.8% in the 3rd quarter. Commerce Bank now owns 3,809 shares of the company’s stock valued at $314,000 after purchasing an additional 209 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in BJ’s Wholesale Club by 13.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,248 shares of the company’s stock worth $433,000 after buying an additional 602 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in shares of BJ’s Wholesale Club by 2.7% during the third quarter. Pathstone Holdings LLC now owns 21,123 shares of the company’s stock worth $1,742,000 after purchasing an additional 558 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Up 7.9 %

Shares of NYSE BJ opened at $92.50 on Friday. 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 Holdings, Inc. has a twelve month low of $63.73 and a twelve month high of $94.67. The company’s fifty day moving average is $85.52 and its 200-day moving average is $85.20. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 4.19 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of recent research reports. Bank of America decreased their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Jefferies Financial Group raised their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. Melius Research initiated coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, Wells Fargo & Company boosted their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.40.

Insider Activity at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,000 shares of company stock worth $2,818,390. 2.00% of the stock is owned by company insiders.

BJ’s Wholesale Club Company Profile

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.