Boston Partners Boosts Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Boston Partners boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 364.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,521 shares of the company’s stock after purchasing an additional 100,036 shares during the period. Boston Partners’ holdings in BJ’s Wholesale Club were worth $11,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BJ. Neo Ivy Capital Management bought a new position in shares of BJ’s Wholesale Club during the third quarter valued at approximately $828,000. Sanctuary Advisors LLC increased its position in BJ’s Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after purchasing an additional 21,957 shares during the period. Oppenheimer & Co. Inc. bought a new position in BJ’s Wholesale Club in the 4th quarter worth $307,000. Wealthfront Advisers LLC lifted its position in shares of BJ’s Wholesale Club by 1,462.2% in the 4th quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company’s stock worth $4,843,000 after purchasing an additional 50,738 shares during the period. Finally, Oak Harvest Investment Services bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at about $670,000. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Robert W. Baird upped 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. Roth Mkm boosted 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 report on Monday, November 25th. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Finally, DA Davidson raised their target price on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average target price of $108.71.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the sale, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $108.51 on Friday. The firm’s 50 day moving average price is $102.99 and its 200-day moving average price is $93.35. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $14.33 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

BJ’s Wholesale Club Company Profile

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.