MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Takes $9.42 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income bought a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) during the first quarter, HoldingsChannel.com reports. The fund bought 139,320 shares of the company’s stock, valued at approximately $9,419,000.

A number of other hedge funds have also recently modified their holdings of the business. Great Lakes Advisors LLC bought a new position in BJ’s Wholesale Club in the fourth quarter worth approximately $225,000. Dimensional Fund Advisors LP grew its stake in BJ’s Wholesale Club by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,706,628 shares of the company’s stock worth $114,290,000 after purchasing an additional 5,546 shares in the last quarter. Cutter & CO Brokerage Inc. grew its stake in BJ’s Wholesale Club by 1.7% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 37,854 shares of the company’s stock worth $2,535,000 after purchasing an additional 625 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in BJ’s Wholesale Club by 2,907.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 30,074 shares of the company’s stock worth $2,013,000 after buying an additional 29,074 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in BJ’s Wholesale Club by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,496,516 shares of the company’s stock worth $100,222,000 after buying an additional 20,847 shares during the period. Institutional investors own 99.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup upped their target price on BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, May 20th. Robert W. Baird reiterated an “outperform” rating and set a $70.00 price objective on shares of BJ’s Wholesale Club in a report on Monday, May 23rd. Jefferies Financial Group increased their price objective on BJ’s Wholesale Club from $69.00 to $72.00 in a report on Thursday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BJ’s Wholesale Club from $70.00 to $74.00 in a report on Friday, May 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.87.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ traded up $1.14 during trading on Friday, reaching $70.50. 1,165,563 shares of the company’s stock traded hands, compared to its average volume of 1,403,950. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 1.04. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $50.18 and a fifty-two week high of $74.09. The firm has a market cap of $9.53 billion, a PE ratio of 21.24, a P/E/G ratio of 2.35 and a beta of 0.46. The company has a 50-day simple moving average of $64.48 and a 200-day simple moving average of $63.68.

BJ’s Wholesale Club (NYSE:BJGet Rating) last released its earnings results on Thursday, May 19th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.24 billion. BJ’s Wholesale Club had a net margin of 2.65% and a return on equity of 77.13%. The business’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. As a group, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.31 earnings per share for the current year.

Insider Activity

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $64.54, for a total value of $1,290,800.00. Following the sale, the executive vice president now owns 37,361 shares of the company’s stock, valued at $2,411,278.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $64.54, for a total value of $1,290,800.00. Following the completion of the transaction, the executive vice president now owns 37,361 shares in the company, valued at $2,411,278.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott Kessler sold 9,514 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $59.31, for a total transaction of $564,275.34. Following the completion of the transaction, the executive vice president now owns 128,326 shares of the company’s stock, valued at approximately $7,611,015.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,639 shares of company stock valued at $2,981,849. 2.10% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Company Profile

(Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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