Oddo BHF Asset Management Sas Invests $714,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Oddo BHF Asset Management Sas acquired a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,651 shares of the company’s stock, valued at approximately $714,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BJ. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after purchasing an additional 2,571,709 shares during the period. FMR LLC lifted its stake in shares of BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after buying an additional 966,528 shares during the period. Massachusetts Financial Services Co. MA grew its position in BJ’s Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after buying an additional 896,263 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in BJ’s Wholesale Club by 4,834.5% during the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock valued at $51,567,000 after acquiring an additional 612,535 shares during the period. Finally, Marshall Wace LLP raised its holdings in BJ’s Wholesale Club by 143.6% in the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after acquiring an additional 499,954 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BJ. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. 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. UBS Group increased their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Roth Mkm lifted their target price on shares of 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. Finally, TD Cowen increased their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.56.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the completion of the transaction, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

BJ’s Wholesale Club Trading Down 1.0 %

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

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

BJ’s Wholesale Club Company 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.