Stevens Capital Management LP Purchases New Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Stevens Capital Management LP bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 4th quarter, HoldingsChannel.com reports. The fund bought 4,632 shares of the company’s stock, valued at approximately $309,000.

Several other hedge funds also recently bought and sold shares of BJ. FMR LLC increased its position in BJ’s Wholesale Club by 39.7% in the 3rd quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after purchasing an additional 4,548,963 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of BJ’s Wholesale Club by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock worth $324,460,000 after buying an additional 826,591 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of BJ’s Wholesale Club by 38.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after buying an additional 467,575 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter worth approximately $29,768,000. Finally, Morgan Stanley increased its holdings in BJ’s Wholesale Club by 10.3% during the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after purchasing an additional 369,317 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BJ has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $70.00 price target (down from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. Loop Capital reiterated a “hold” rating and issued a $80.00 price objective (down from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. Evercore ISI decreased their price objective on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price objective for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price objective on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.40.

BJ’s Wholesale Club Price Performance

BJ traded up $0.28 during trading on Friday, hitting $76.66. 1,101,637 shares of the stock traded hands, compared to its average volume of 1,464,657. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $60.33 and a twelve month high of $80.42. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.28 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The business has a 50 day moving average price of $74.48 and a 200 day moving average price of $69.56.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Monica Schwartz sold 13,578 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the sale, the executive vice president now owns 13,545 shares of the company’s stock, valued at $1,067,481.45. The disclosure for this sale can be found here. Insiders sold 98,840 shares of company stock worth $7,408,605 in the last three months. Corporate insiders own 2.20% 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.