Curi RMB Capital LLC Acquires 22,400 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Curi RMB Capital LLC grew its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,125 shares of the company’s stock after buying an additional 22,400 shares during the quarter. Curi RMB Capital LLC owned 0.11% of BJ’s Wholesale Club worth $11,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of BJ’s Wholesale Club by 2.2% during the 1st quarter. US Bancorp DE now owns 33,686 shares of the company’s stock valued at $2,548,000 after buying an additional 715 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of BJ’s Wholesale Club by 4.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 104,110 shares of the company’s stock valued at $7,920,000 after acquiring an additional 4,004 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of BJ’s Wholesale Club by 6.3% in the first quarter. Orion Portfolio Solutions LLC now owns 63,630 shares of the company’s stock worth $4,814,000 after acquiring an additional 3,767 shares during the period. Seven Eight Capital LP purchased a new stake in shares of BJ’s Wholesale Club during the first quarter worth about $3,983,000. Finally, Bessemer Group Inc. raised its stake in BJ’s Wholesale Club by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after purchasing an additional 56,442 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Down 1.7 %

Shares of NYSE BJ opened at $87.01 on Friday. 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 business has a fifty day simple moving average of $84.59 and a two-hundred day simple moving average of $84.76. The firm has a market cap of $11.54 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 3.25 and a beta of 0.24.

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

Analyst Ratings Changes

Several research analysts have weighed in on BJ shares. Bank of America dropped their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Roth Mkm upped their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Melius Research initiated 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. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their target price for the company from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Wells Fargo & Company boosted their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average price target of $87.87.

Insider Activity

In related news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on 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 $1,133,710.62. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock worth $2,818,390. 2.00% of the stock is currently owned by corporate insiders.

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.