Algert Global LLC Invests $1.60 Million in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Algert Global LLC acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,198 shares of the company’s stock, valued at approximately $1,599,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Scientech Research LLC purchased a new position in shares of BJ’s Wholesale Club in the second quarter valued at $1,731,000. Shellback Capital LP purchased a new stake in shares of BJ’s Wholesale Club in the second quarter worth about $2,196,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of BJ’s Wholesale Club by 201.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after buying an additional 395,573 shares in the last quarter. Daymark Wealth Partners LLC bought a new position in shares of BJ’s Wholesale Club in the second quarter valued at approximately $209,000. Finally, AQR Capital Management LLC purchased a new position in BJ’s Wholesale Club during the second quarter valued at approximately $1,254,000. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Bank of America lowered their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Evercore ISI boosted their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Finally, Roth Mkm raised their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $85.61 on Friday. The company’s fifty day moving average is $82.91 and its 200 day moving average is $82.47. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The stock has a market cap of $11.36 billion, a PE ratio of 22.24, a PEG ratio of 3.02 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Graham Luce sold 16,596 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,438 shares of company stock worth $6,946,288. Insiders own 2.00% of the company’s stock.

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 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.