Y Intercept Hong Kong Ltd Invests $518,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Y Intercept Hong Kong Ltd purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,279 shares of the company’s stock, valued at approximately $518,000.

Other large investors have also recently bought and sold shares of the company. Dean Investment Associates LLC boosted its position in shares of BJ’s Wholesale Club by 10.4% in the third quarter. Dean Investment Associates LLC now owns 32,723 shares of the company’s stock valued at $2,699,000 after acquiring an additional 3,081 shares during the period. Orion Portfolio Solutions LLC raised its stake in BJ’s Wholesale Club by 18.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 61,123 shares of the company’s stock worth $5,041,000 after purchasing an additional 9,524 shares in the last quarter. XTX Topco Ltd boosted its holdings in BJ’s Wholesale Club by 98.2% in the 3rd quarter. XTX Topco Ltd now owns 17,853 shares of the company’s stock valued at $1,473,000 after purchasing an additional 8,847 shares during the period. Zacks Investment Management grew its position in shares of BJ’s Wholesale Club by 6.4% during the 3rd quarter. Zacks Investment Management now owns 118,020 shares of the company’s stock worth $9,734,000 after purchasing an additional 7,107 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of BJ’s Wholesale Club by 128.2% during the third quarter. National Bank of Canada FI now owns 2,209 shares of the company’s stock worth $182,000 after purchasing an additional 1,241 shares during the period. 98.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BJ. UBS Group increased their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group increased their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen boosted their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.56.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $97.54 on Monday. The firm’s fifty day moving average price is $90.22 and its two-hundred day moving average price is $87.11. The stock has a market cap of $12.88 billion, a PE ratio of 23.45, a PEG ratio of 4.69 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two week high of $100.74.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter last year, the business posted $0.98 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities 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.