1,710 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Acquired by Penserra Capital Management LLC

Posted by on Feb 28th, 2023

Penserra Capital Management LLC purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,710 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp grew its position in shares of BJ’s Wholesale Club by 3.4% in the 1st quarter. State Street Corp now owns 4,445,807 shares of the company’s stock worth $300,581,000 after buying an additional 147,014 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of BJ’s Wholesale Club by 145.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock worth $163,792,000 after buying an additional 1,436,785 shares during the last quarter. Invesco Ltd. grew its position in shares of BJ’s Wholesale Club by 28.4% in the 1st quarter. Invesco Ltd. now owns 2,219,929 shares of the company’s stock worth $150,088,000 after buying an additional 491,047 shares during the last quarter. Bessemer Group Inc. grew its position in shares of BJ’s Wholesale Club by 7.0% in the 3rd quarter. Bessemer Group Inc. now owns 1,998,867 shares of the company’s stock worth $145,539,000 after buying an additional 130,475 shares during the last quarter. Finally, Eaton Vance Management grew its position in shares of BJ’s Wholesale Club by 323.5% in the 1st quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock worth $116,230,000 after buying an additional 1,313,206 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BJ has been the topic of a number of recent analyst reports. Credit Suisse Group lowered BJ’s Wholesale Club from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $80.00 to $75.00 in a research report on Tuesday, December 20th. Morgan Stanley lifted their price target on BJ’s Wholesale Club from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, November 18th. Loop Capital lowered their price objective on BJ’s Wholesale Club from $95.00 to $85.00 in a research note on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on BJ’s Wholesale Club from $86.00 to $90.00 in a report on Friday, November 11th. Finally, Wells Fargo & Company cut their price target on BJ’s Wholesale Club from $81.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.19.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $72.96 on Tuesday. The firm has a 50 day simple moving average of $70.38 and a 200-day simple moving average of $72.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.72 and a quick ratio of 0.14. The firm has a market cap of $9.85 billion, a PE ratio of 20.38, a P/E/G ratio of 2.06 and a beta of 0.47. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $51.45 and a 1-year high of $80.41.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Scott Kessler sold 13,360 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $68.88, for a total transaction of $920,236.80. Following the completion of the sale, the executive vice president now owns 112,946 shares in the company, valued at $7,779,720.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Joseph Mcgrail sold 1,975 shares of the company’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $69.30, for a total value of $136,867.50. Following the transaction, the senior vice president now owns 10,083 shares in the company, valued at approximately $698,751.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Kessler sold 13,360 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $68.88, for a total value of $920,236.80. Following the completion of the sale, the executive vice president now directly owns 112,946 shares of the company’s stock, valued at approximately $7,779,720.48. The disclosure for this sale can be found here. Insiders have sold a total of 23,482 shares of company stock valued at $1,637,601 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

About BJ’s Wholesale Club

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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.

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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