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

Congress Asset Management Co. boosted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,071 shares of the company’s stock after purchasing an additional 16,157 shares during the period. Congress Asset Management Co.’s holdings in BJ’s Wholesale Club were worth $15,265,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC lifted its holdings in BJ’s Wholesale Club by 15.0% in the 3rd quarter. Diversify Wealth Management LLC now owns 6,554 shares of the company’s stock worth $561,000 after buying an additional 855 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in BJ’s Wholesale Club by 16.8% in the third quarter. First Trust Direct Indexing L.P. now owns 3,526 shares of the company’s stock valued at $291,000 after purchasing an additional 506 shares during the last quarter. New York State Teachers Retirement System increased its holdings in BJ’s Wholesale Club by 7.1% during the 3rd quarter. New York State Teachers Retirement System now owns 149,092 shares of the company’s stock worth $12,297,000 after purchasing an additional 9,925 shares during the last quarter. Tyche Wealth Partners LLC boosted its stake in shares of BJ’s Wholesale Club by 30.3% during the 3rd quarter. Tyche Wealth Partners LLC now owns 4,452 shares of the company’s stock valued at $367,000 after buying an additional 1,036 shares during the last quarter. Finally, abrdn plc increased its stake in shares of BJ’s Wholesale Club by 0.4% in the third quarter. abrdn plc now owns 206,545 shares of the company’s stock worth $17,036,000 after buying an additional 780 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Down 0.2 %

Shares of BJ opened at $84.73 on Friday. The stock’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. The firm has a market capitalization of $11.24 billion, a price-to-earnings 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 12-month low of $63.08 and a 12-month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last 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. As a group, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BJ. Roth Mkm boosted their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Bank of America decreased their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.31.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’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 transaction, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction 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 approximately $1,133,710.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $1,878,220 in the last three months. Corporate insiders own 2.00% of the company’s stock.

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.