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

Primecap Management Co. CA lessened its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.6% during the third quarter, HoldingsChannel.com reports. The firm owned 862,880 shares of the company’s stock after selling 4,820 shares during the quarter. Primecap Management Co. CA’s holdings in BJ’s Wholesale Club were worth $71,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after purchasing an additional 217,385 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of BJ’s Wholesale Club by 158.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after buying an additional 2,571,709 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of BJ’s Wholesale Club by 17.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after acquiring an additional 237,902 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of BJ’s Wholesale Club by 14.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,471,978 shares of the company’s stock worth $121,409,000 after acquiring an additional 184,966 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in BJ’s Wholesale Club by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock valued at $120,351,000 after acquiring an additional 163,526 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following 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 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,000 shares of company stock valued at $2,818,390. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ stock opened at $92.50 on Friday. The company has a market capitalization of $12.26 billion, a P/E ratio of 23.36, a PEG ratio of 4.19 and a beta of 0.24. The company has a fifty day moving average price of $85.52 and a 200-day moving average price of $85.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.73 and a 52-week high of $94.67.

BJ’s Wholesale Club (NYSE:BJ) last announced its 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 business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the company earned $0.97 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

Analyst Ratings Changes

BJ has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Bank of America reduced 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 note on Friday, August 23rd. Jefferies Financial Group boosted their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Roth Mkm upped 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. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.40.

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.