Teacher Retirement System of Texas Has $47.35 Million Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Teacher Retirement System of Texas raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 264.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 414,974 shares of the company’s stock after buying an additional 301,031 shares during the period. Teacher Retirement System of Texas’ holdings in BJ’s Wholesale Club were worth $47,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of BJ’s Wholesale Club by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock worth $470,775,000 after acquiring an additional 504,958 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in BJ’s Wholesale Club by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after purchasing an additional 43,106 shares during the period. Bessemer Group Inc. boosted its stake in shares of BJ’s Wholesale Club by 65.9% in the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company’s stock valued at $477,709,000 after purchasing an additional 1,662,415 shares during the last quarter. JPMorgan Chase & Co. raised its stake in BJ’s Wholesale Club by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock worth $229,808,000 after buying an additional 73,322 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in BJ’s Wholesale Club by 4.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company’s stock valued at $222,205,000 after buying an additional 99,311 shares during the period. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, Director Steven L. Ortega acquired 1,740 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the completion of the acquisition, the director owned 8,641 shares in the company, valued at $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 2,100 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the sale, the senior vice president owned 14,240 shares in the company, valued at approximately $1,705,097.60. This trade represents a 12.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 300,400 shares of company stock valued at $34,308,420. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BJ. Morgan Stanley lifted their price objective on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, March 10th. JPMorgan Chase & Co. raised their price target on shares of BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Finally, UBS Group reissued a “buy” rating and set a $135.00 target price (up previously from $129.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.12.

BJ’s Wholesale Club Price Performance

BJ opened at $109.18 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. The stock has a market capitalization of $14.42 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.96 and a beta of 0.45. The stock’s 50 day moving average price is $113.00 and its 200-day moving average price is $107.14. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current 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.