GAMMA Investing LLC Has $353,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

GAMMA Investing LLC lifted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 98.3% during the fourth quarter, HoldingsChannel reports. The firm owned 3,953 shares of the company’s stock after purchasing an additional 1,960 shares during the period. GAMMA Investing LLC’s holdings in BJ’s Wholesale Club were worth $353,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Arizona State Retirement System lifted its holdings in shares of BJ’s Wholesale Club by 1.5% during the second quarter. Arizona State Retirement System now owns 37,223 shares of the company’s stock worth $3,270,000 after buying an additional 567 shares during the last quarter. Private Advisor Group LLC increased its stake in BJ’s Wholesale Club by 3.8% during the second quarter. Private Advisor Group LLC now owns 5,640 shares of the company’s stock valued at $495,000 after acquiring an additional 207 shares during the period. Quest Partners LLC raised its holdings in BJ’s Wholesale Club by 174.6% in the 2nd quarter. Quest Partners LLC now owns 2,927 shares of the company’s stock valued at $257,000 after acquiring an additional 1,861 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of BJ’s Wholesale Club by 6.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 124,768 shares of the company’s stock worth $10,960,000 after acquiring an additional 8,034 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of BJ’s Wholesale Club by 94.3% during the 2nd quarter. American Century Companies Inc. now owns 165,948 shares of the company’s stock worth $14,577,000 after purchasing an additional 80,547 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were 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. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BJ. Morgan Stanley raised their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Citigroup lifted their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Roth Mkm upped 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 research note on Monday, November 25th. TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, 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. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.00.

BJ’s Wholesale Club Price Performance

BJ opened at $90.66 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock has a market capitalization of $11.98 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32. The company’s 50 day simple moving average is $92.17 and its 200-day simple moving average is $87.62. BJ’s Wholesale Club Holdings, Inc. has a one year low of $64.06 and a one year high of $100.74.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. Sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

About BJ’s Wholesale Club

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.