Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) purchased by Strs Ohio

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Strs Ohio increased its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ – Get Rating) 7.7% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 42,200 shares of the company after purchasing an additional 3,000 shares during the period. Strs Ohio’s holdings in BJ’s Wholesale Club were worth $2,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently changed their positions in the company. Sageworth Trust Co of South Dakota acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter, valued at approximately $26,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter, valued at approximately $26,000. City State Bank acquired a new stake in the shares of BJ’s Wholesale Club during the fourth quarter, valued at approximately $25,000. National Bank of Canada FI acquired a new stake in the shares of BJ’s Wholesale Club during the fourth quarter valued at approximately $31,000. Finally, First Horizon Advisors Inc. increased its stake in BJ’s Wholesale Club shares by 108.1% during the fourth quarter. First Horizon Advisors Inc. now owns 793 shares of the company valued at $53,000 after acquiring 412 additional shares in the last quarter. Hedge funds and other institutional investors own 99.98% of the company’s shares.

In other news, Executive Vice President William C. Werner sold 20,000 shares of BJ’s Wholesale Club in a trade that took place on Tuesday, July 5. The stock was sold at an average price of $64.54, for a total transaction of $1,290,800.00. Following the sale, the executive vice president now owns 37,361 shares of the company, valued at $2,411,278.94. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, Executive Vice President Scott Kessler sold 9,514 shares of BJ’s Wholesale Club in a trade that took place on Wednesday, June 15. The shares were sold at an average price of $59.31, for a total value of $564,275.34. Following the sale, the executive vice president now directly owns 128,326 shares of the company, valued at approximately $7,611,015.06. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 31,639 shares of the company worth $1,983,149. Company insiders own 2.10% of the company’s shares.

NYSE BJ shares opened at $67.51 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt ratio of 1.04. The company’s 50-day moving average price is $60.95 and its two-hundred-day moving average price is $63.06. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $74.09. The stock has a market capitalization of $9.13 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.27 and a beta of 0.45.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its quarterly results on Thursday, May 19. The company reported earnings per share of $0.87 for the quarter, beating consensus analyst estimates of $0.73 by $0.14. The company posted revenue of $4.50 billion for the quarter, versus $4.24 billion expected by analysts. BJ’s Wholesale Club achieved a return on equity of 77.13% and a net margin of 2.65%. The company’s revenue for the quarter increased by 16.2% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.72. As a group, equity research analysts expect BJ’s Wholesale Club Holdings, Inc. to post earnings per share of 3.31 for the current year.

BJ has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised its price target on BJ’s Wholesale Club from $70.00 to $74.00 in a Friday, May 20 research note. Jefferies Financial Group raised its price target on BJ’s Wholesale Club shares from $69.00 to $72.00 in a Thursday, June 2 research report. Robert W. Baird reaffirmed an “outperform” rating and set a $70.00 price target on BJ’s Wholesale Club stock in a Monday, May 23 research report. Finally, Citigroup raised its price target on BJ’s Wholesale Club stock from $58.00 to $63.00 and gave the stock a “neutral” rating in a Friday, May 20 research report. One equity research analyst has assigned the stock a sell rating, six have assigned a hold rating and ten have assigned the stock a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.64.

About BJ’s Wholesale Club (Get an evaluation)

BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.

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Want to see what other hedge funds hold BJ? Visit HoldingsChannel.com for the latest 13F filings and insider trading for BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating).

Institutional ownership by quarter for BJ's Wholesale Club (NYSE: BJ)



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