Prudential PLC Buys New Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Prudential PLC bought a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,929 shares of the company’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP increased its stake in BJ’s Wholesale Club by 0.8% in the 1st quarter. First Trust Advisors LP now owns 115,218 shares of the company’s stock worth $3,157,000 after acquiring an additional 955 shares during the last quarter. Morgan Stanley increased its stake in BJ’s Wholesale Club by 679.9% in the 2nd quarter. Morgan Stanley now owns 1,061,319 shares of the company’s stock worth $50,499,000 after acquiring an additional 925,238 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in BJ’s Wholesale Club by 3.5% in the 3rd quarter. Advisor Group Holdings Inc. now owns 26,646 shares of the company’s stock worth $1,463,000 after acquiring an additional 909 shares during the last quarter. CIBC Asset Management Inc increased its stake in BJ’s Wholesale Club by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 5,545 shares of the company’s stock worth $305,000 after acquiring an additional 441 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in BJ’s Wholesale Club by 111.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 1,790,260 shares of the company’s stock worth $98,321,000 after acquiring an additional 945,508 shares during the last quarter. 99.98% of the stock is currently owned by institutional investors.

In other BJ’s Wholesale Club news, Director Kenneth M. Parent sold 35,004 shares of the company’s stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $67.42, for a total value of $2,359,969.68. Following the completion of the sale, the director now directly owns 14,143 shares in the company, valued at approximately $953,521.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on the company. Citigroup lifted their target price on BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on BJ’s Wholesale Club from $70.00 to $74.00 in a report on Friday. Finally, Credit Suisse Group dropped their target price on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, March 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Buy” and a consensus price target of $66.83.

Shares of BJ stock opened at $52.29 on Friday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $43.81 and a twelve month high of $74.09. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.25 and a beta of 0.51. The stock has a fifty day simple moving average of $65.22 and a two-hundred day simple moving average of $64.15. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 1.04.

BJ’s Wholesale Club (NYSE:BJGet Rating) last issued its earnings results on Thursday, May 19th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.15. BJ’s Wholesale Club had a return on equity of 77.13% and a net margin of 2.65%. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. Research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.24 EPS for the current fiscal year.

BJ’s Wholesale Club Company Profile (Get Rating)

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

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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