California Public Employees Retirement System Raises Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

California Public Employees Retirement System boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 816,593 shares of the company’s stock after buying an additional 5,946 shares during the period. California Public Employees Retirement System owned approximately 0.61% of BJ’s Wholesale Club worth $54,434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its position in BJ’s Wholesale Club by 45.3% in the third quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after buying an additional 153 shares during the last quarter. First Horizon Advisors Inc. boosted its position in BJ’s Wholesale Club by 23.9% in the third quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock valued at $59,000 after buying an additional 159 shares during the last quarter. Portside Wealth Group LLC boosted its position in BJ’s Wholesale Club by 3.7% in the fourth quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock valued at $454,000 after buying an additional 241 shares during the last quarter. Tectonic Advisors LLC boosted its position in BJ’s Wholesale Club by 7.9% in the fourth quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock valued at $236,000 after buying an additional 260 shares during the last quarter. Finally, Dfpg Investments LLC boosted its position in BJ’s Wholesale Club by 6.0% in the fourth quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock valued at $322,000 after buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Transactions at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was 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 of the company’s stock, valued at approximately $998,459.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BJ’s Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of BJ’s Wholesale Club stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock worth $7,408,605 in the last quarter. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BJ shares. Loop Capital restated a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. Gordon Haskett lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research report on Wednesday, February 7th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. upped their price objective on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $70.00 price objective (down previously from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.40.

BJ’s Wholesale Club Trading Up 0.8 %

Shares of BJ stock opened at $76.37 on Friday. The stock’s fifty day moving average is $74.48 and its two-hundred day moving average is $69.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The firm has a market capitalization of $10.15 billion, a P/E ratio of 19.73, a PEG ratio of 3.28 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $80.42.

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