Credit Suisse AG increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,032 shares of the company’s stock after purchasing an additional 4,773 shares during the quarter. Credit Suisse AG owned 0.13% of BJ’s Wholesale Club worth $13,543,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in shares of BJ’s Wholesale Club during the first quarter valued at approximately $25,000. ST Germain D J Co. Inc. acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust raised its holdings in shares of BJ’s Wholesale Club by 1,364.0% during the first quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock valued at $28,000 after acquiring an additional 341 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of BJ’s Wholesale Club by 45.6% during the fourth quarter. IFP Advisors Inc now owns 1,222 shares of the company’s stock valued at $30,000 after acquiring an additional 383 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 93.02% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Credit Suisse Group reduced their target price on BJ’s Wholesale Club from $80.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, August 17th. Robert W. Baird dropped their price target on BJ’s Wholesale Club from $90.00 to $80.00 in a research report on Wednesday, May 24th. Morgan Stanley dropped their price target on BJ’s Wholesale Club from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday. UBS Group dropped their price target on BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on BJ’s Wholesale Club from $89.00 to $77.00 in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.57.
Insider Activity
In other news, SVP Joseph Mcgrail sold 800 shares of BJ’s Wholesale Club stock in a transaction on Friday, August 11th. The stock was sold at an average price of $70.00, for a total value of $56,000.00. Following the completion of the sale, the senior vice president now directly owns 13,374 shares of the company’s stock, valued at $936,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Joseph Mcgrail sold 800 shares of BJ’s Wholesale Club stock in a transaction on Friday, August 11th. The stock was sold at an average price of $70.00, for a total value of $56,000.00. Following the completion of the sale, the senior vice president now directly owns 13,374 shares of the company’s stock, valued at $936,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Monica Schwartz sold 15,168 shares of BJ’s Wholesale Club stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $61.85, for a total value of $938,140.80. Following the completion of the sale, the executive vice president now directly owns 25,962 shares of the company’s stock, valued at $1,605,749.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,368 shares of company stock valued at $1,022,148. 2.20% of the stock is currently owned by corporate insiders.
BJ’s Wholesale Club Trading Down 0.6 %
Shares of BJ’s Wholesale Club stock opened at $64.76 on Friday. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 2.65 and a beta of 0.47. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $80.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.12 and a current ratio of 0.71. The stock has a 50 day moving average of $65.29 and a 200 day moving average of $69.70.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last issued its quarterly earnings data on Tuesday, August 22nd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.07. The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.18 billion. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.87 earnings per share for the current year.
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 perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.
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