Oddo BHF Asset Management Sas Makes New Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Oddo BHF Asset Management Sas purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,651 shares of the company’s stock, valued at approximately $714,000.

Other large investors also recently made changes to their positions in the company. Creative Planning grew its holdings in shares of BJ’s Wholesale Club by 10.7% in the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after acquiring an additional 898 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in BJ’s Wholesale Club during the 3rd quarter worth about $828,000. Raymond James & Associates raised its holdings in BJ’s Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after buying an additional 382,114 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BJ’s Wholesale Club by 123.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company’s stock worth $132,000 after buying an additional 828 shares during the period. Institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Bank of America lowered their price target on 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. Roth Mkm upped their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. UBS Group raised their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company upped their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average price target of $93.56.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Down 1.0 %

BJ’s Wholesale Club stock opened at $97.54 on Friday. The company has a market capitalization of $12.88 billion, a P/E ratio of 23.45, a P/E/G ratio of 4.69 and a beta of 0.29. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $64.06 and a 1-year high of $100.74. The firm’s fifty day simple moving average is $90.22 and its 200-day simple moving average is $87.09. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

About BJ’s Wholesale Club

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.