Brown Brothers Harriman & Co. Grows Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Brown Brothers Harriman & Co. lifted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 652.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527 shares of the company’s stock after acquiring an additional 457 shares during the period. Brown Brothers Harriman & Co.’s holdings in BJ’s Wholesale Club were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BJ. Tortoise Investment Management LLC raised its position in BJ’s Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after purchasing an additional 233 shares in the last quarter. UMB Bank n.a. lifted its position in BJ’s Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after buying an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in BJ’s Wholesale Club in the third quarter worth approximately $55,000. Avior Wealth Management LLC grew its position in BJ’s Wholesale Club by 151.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock valued at $104,000 after acquiring an additional 703 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of BJ’s Wholesale Club by 34.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company’s stock worth $113,000 after acquiring an additional 324 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the sale, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now owns 24,351 shares of the company’s stock, valued at $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club Stock Up 0.1 %

Shares of NYSE:BJ opened at $115.04 on Thursday. The firm has a market capitalization of $15.15 billion, a P/E ratio of 27.65, a P/E/G ratio of 4.50 and a beta of 0.28. 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 50 day moving average price of $106.08 and a 200-day moving average price of $95.54. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BJ has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a report on Monday, March 10th. TD Cowen raised their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Evercore ISI dropped their target price on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a report on Tuesday. Robert W. Baird lifted their price target on BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.94.

About BJ’s Wholesale Club

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.