Bayesian Capital Management LP Purchases New Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bayesian Capital Management LP acquired a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $908,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its holdings in BJ’s Wholesale Club by 1.9% in the first quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock valued at $800,000 after purchasing an additional 200 shares during the period. Cutter & CO Brokerage Inc. grew its stake in BJ’s Wholesale Club by 0.8% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 37,643 shares of the company’s stock valued at $2,509,000 after acquiring an additional 285 shares during the period. Amalgamated Bank increased its holdings in BJ’s Wholesale Club by 0.3% in the 1st quarter. Amalgamated Bank now owns 90,932 shares of the company’s stock worth $6,879,000 after acquiring an additional 292 shares in the last quarter. First Horizon Advisors Inc. raised its position in BJ’s Wholesale Club by 36.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after acquiring an additional 302 shares during the period. Finally, Johnson Financial Group Inc. lifted its holdings in BJ’s Wholesale Club by 12.9% during the fourth quarter. Johnson Financial Group Inc. now owns 2,652 shares of the company’s stock valued at $177,000 after purchasing an additional 304 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BJ. UBS Group boosted their target price on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Barclays increased their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Evercore ISI boosted their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Loop Capital increased their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Finally, Robert W. Baird lifted their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.35.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 16,596 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the transaction, the executive vice president now directly owns 14,131 shares in the company, valued at approximately $1,288,040.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Jeff Desroches sold 28,842 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the transaction, the executive vice president now owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the transaction, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The disclosure for this sale can be found here. Insiders sold a total of 70,544 shares of company stock worth $6,273,484 over the last three months. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.9 %

NYSE:BJ traded down $0.79 on Wednesday, hitting $87.73. The stock had a trading volume of 30,999 shares, compared to its average volume of 1,469,391. The company has a fifty day moving average price of $88.10 and a two-hundred day moving average price of $78.19. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 3.13 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

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.