Crossmark Global Holdings Inc. Increases Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Crossmark Global Holdings Inc. boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,493 shares of the company’s stock after acquiring an additional 860 shares during the period. Crossmark Global Holdings Inc.’s holdings in BJ’s Wholesale Club were worth $783,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after purchasing an additional 2,571,709 shares during the last quarter. Marshall Wace LLP boosted its stake in BJ’s Wholesale Club by 143.6% in the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after buying an additional 499,954 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in BJ’s Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock valued at $51,966,000 after buying an additional 395,573 shares during the period. Raymond James & Associates increased its stake in shares of BJ’s Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after acquiring an additional 382,114 shares during the last quarter. Finally, Delta Global Management LP purchased a new position in shares of BJ’s Wholesale Club during the 1st quarter worth about $27,214,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 over the last 90 days. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of BJ’s Wholesale Club from $95.00 to $105.00 and gave the company a “buy” rating in a report on Friday. Bank of America lowered their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday. Roth Mkm lifted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus target price of $88.94.

BJ’s Wholesale Club Stock Up 0.3 %

NYSE:BJ opened at $87.23 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 3.23 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The stock has a 50-day simple moving average of $84.80 and a 200 day simple moving average of $84.84.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly 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 business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 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.