Allspring Global Investments Holdings LLC Boosts Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Allspring Global Investments Holdings LLC lifted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 73.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,619 shares of the company’s stock after acquiring an additional 33,254 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of BJ’s Wholesale Club worth $5,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of BJ’s Wholesale Club in the first quarter worth $268,000. HighTower Advisors LLC raised its position in BJ’s Wholesale Club by 44.3% in the 1st quarter. HighTower Advisors LLC now owns 7,180 shares of the company’s stock worth $487,000 after buying an additional 2,203 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in BJ’s Wholesale Club by 104.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,961 shares of the company’s stock valued at $741,000 after acquiring an additional 5,607 shares during the period. Bank of Montreal Can boosted its holdings in shares of BJ’s Wholesale Club by 7.4% during the 1st quarter. Bank of Montreal Can now owns 12,440 shares of the company’s stock valued at $843,000 after acquiring an additional 862 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of BJ’s Wholesale Club by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 74,006 shares of the company’s stock worth $5,143,000 after acquiring an additional 5,272 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. Gordon Haskett cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Wednesday, February 7th. Evercore ISI dropped their target price on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. Finally, Loop Capital reissued a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Hold” and an average price target of $74.40.

BJ’s Wholesale Club Trading Down 3.6 %

Shares of BJ’s Wholesale Club stock opened at $72.55 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The company has a fifty day moving average of $73.77 and a 200 day moving average of $69.37. The company has a market capitalization of $9.65 billion, a P/E ratio of 18.75, a P/E/G ratio of 3.30 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $80.42.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the transaction, the director now owns 173,294 shares in the company, valued at $12,815,091.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the sale, the director now directly owns 173,294 shares in the company, valued at $12,815,091.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock worth $7,408,605 over the last quarter. Insiders own 2.20% of the company’s stock.

BJ’s Wholesale Club 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.