Impax Asset Management Group plc Grows Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Impax Asset Management Group plc increased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 50.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,955 shares of the company’s stock after buying an additional 45,000 shares during the quarter. Impax Asset Management Group plc’s holdings in BJ’s Wholesale Club were worth $11,131,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at $25,000. Davis Capital Management purchased a new stake in shares of BJ’s Wholesale Club during the third quarter valued at $25,000. UMB Bank n.a. grew its holdings in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club during the third quarter valued at $41,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at $45,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 in the last 90 days. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BJ. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Roth Mkm upped their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Melius Research started coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Bank of America lowered their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Finally, Loop Capital upped their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average price target of $86.31.

BJ’s Wholesale Club Stock Up 1.5 %

BJ opened at $88.08 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $83.16 and a 200 day moving average price of $84.12. The company has a market cap of $11.68 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 3.18 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 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.