Intech Investment Management LLC Buys 39,713 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Intech Investment Management LLC increased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 278.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,968 shares of the company’s stock after acquiring an additional 39,713 shares during the quarter. Intech Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $4,822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BJ. Tortoise Investment Management LLC increased its holdings in BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after buying an additional 233 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in BJ’s Wholesale Club in the 3rd quarter valued at $55,000. UMB Bank n.a. increased its holdings in BJ’s Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock valued at $56,000 after buying an additional 253 shares during the period. Avior Wealth Management LLC increased its holdings in BJ’s Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock valued at $104,000 after buying an additional 703 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in BJ’s Wholesale Club by 34.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company’s stock valued at $113,000 after buying an additional 324 shares during the period. Institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BJ shares. JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Citigroup boosted their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. TD Cowen boosted their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Finally, The Goldman Sachs Group boosted their target price on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.71.

BJ’s Wholesale Club Stock Down 1.4 %

Shares of NYSE BJ opened at $110.62 on Wednesday. The firm has a market capitalization of $14.61 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $118.40. The firm’s 50-day moving average is $102.32 and its 200-day moving average is $93.12.

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

Insider Activity

In related news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.