Simon Quick Advisors LLC Has $3.23 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Simon Quick Advisors LLC lifted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,268 shares of the company’s stock after buying an additional 2,285 shares during the period. Simon Quick Advisors LLC’s holdings in BJ’s Wholesale Club were worth $3,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in BJ’s Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock valued at $470,775,000 after purchasing an additional 504,958 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in BJ’s Wholesale Club by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after purchasing an additional 43,106 shares during the last quarter. JPMorgan Chase & Co. boosted its position in BJ’s Wholesale Club by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock valued at $229,808,000 after purchasing an additional 73,322 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in BJ’s Wholesale Club by 4.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company’s stock valued at $222,205,000 after purchasing an additional 99,311 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in BJ’s Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock valued at $208,218,000 after purchasing an additional 245,731 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $108.57 on Thursday. The stock’s fifty day moving average price is $114.49 and its two-hundred day moving average price is $105.72. BJ’s Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10. 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 firm has a market cap of $14.34 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 4.50 and a beta of 0.47.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.23. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. The Goldman Sachs Group increased their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, March 10th. UBS Group reaffirmed a “buy” rating and issued a $135.00 price objective (up from $129.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Evercore ISI cut their price objective on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Loop Capital reaffirmed a “hold” rating and issued a $120.00 price objective (up from $110.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Finally, Wall Street Zen raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.12.

Insider Buying and Selling

In related news, SVP Joseph Mcgrail sold 2,100 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the sale, the senior vice president now directly owns 14,240 shares of the company’s stock, valued at $1,705,097.60. The trade was a 12.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven L. Ortega bought 1,740 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $114.60 per share, with a total value of $199,404.00. Following the completion of the transaction, the director now directly owns 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 346,405 shares of company stock worth $39,457,128 in the last 90 days. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.