Riverwater Partners LLC Grows Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Riverwater Partners LLC raised its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,577 shares of the company’s stock after acquiring an additional 178 shares during the quarter. Riverwater Partners LLC’s holdings in BJ’s Wholesale Club were worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at about $135,344,000. Alliancebernstein L.P. raised its holdings in BJ’s Wholesale Club by 658.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company’s stock worth $136,100,000 after purchasing an additional 1,322,425 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $85,550,000. Franklin Resources Inc. boosted its holdings in shares of BJ’s Wholesale Club by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock valued at $470,775,000 after buying an additional 504,958 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of BJ’s Wholesale Club by 11.8% in the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock valued at $208,218,000 after buying an additional 245,731 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William C. Werner sold 14,192 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total value of $1,669,546.88. Following the completion of the transaction, the executive vice president now owns 26,113 shares of the company’s stock, valued at approximately $3,071,933.32. This represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,005 shares of company stock valued at $5,148,708. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on BJ. Citigroup upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price objective for the company from $115.00 to $130.00 in a research note on Thursday. TD Cowen raised their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group boosted their price objective on BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Robert W. Baird raised their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, DA Davidson upped their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average target price of $110.82.

BJ’s Wholesale Club Trading Down 2.5 %

NYSE:BJ opened at $115.54 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $120.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock has a fifty day moving average price of $106.88 and a two-hundred day moving average price of $95.94. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. As a group, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.