Rhumbline Advisers Acquires 68,460 Shares of BJs Wholesale Club Holdings Inc (NYSE:BJ)

Rhumbline Advisers increased its stake in BJs Wholesale Club Holdings Inc (NYSE:BJ) by 68.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,067 shares of the company’s stock after acquiring an additional 68,460 shares during the period. Rhumbline Advisers owned approximately 0.12% of BJs Wholesale Club worth $4,632,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in BJs Wholesale Club by 201.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock valued at $26,000 after acquiring an additional 778 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of BJs Wholesale Club during the fourth quarter worth about $73,000. Flagship Harbor Advisors LLC raised its position in BJs Wholesale Club by 47.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 3,429 shares of the company’s stock valued at $75,000 after buying an additional 1,098 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BJs Wholesale Club during the 4th quarter worth approximately $81,000. Finally, QS Investors LLC acquired a new position in shares of BJs Wholesale Club during the 4th quarter worth approximately $89,000. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on BJ shares. Zacks Investment Research downgraded BJs Wholesale Club from a “buy” rating to a “sell” rating in a research report on Monday, May 27th. Wells Fargo & Co upped their price target on BJs Wholesale Club from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Evercore ISI started coverage on BJs Wholesale Club in a research report on Wednesday, March 20th. They set an “outperform” rating and a $30.00 target price on the stock. Nomura lowered their price objective on BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, Morgan Stanley set a $28.00 price objective on BJs Wholesale Club and gave the stock a “hold” rating in a research note on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. BJs Wholesale Club presently has an average rating of “Hold” and a consensus target price of $30.43.

In other news, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $24.53, for a total value of $214,637,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Baldwin sold 48,622 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $28.24, for a total value of $1,373,085.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,167,524 shares of company stock worth $226,125,693. Insiders own 17.70% of the company’s stock.

BJ opened at $24.54 on Thursday. The stock has a market capitalization of $3.44 billion and a PE ratio of 21.53. BJs Wholesale Club Holdings Inc has a 12 month low of $19.31 and a 12 month high of $32.92.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. BJs Wholesale Club had a negative return on equity of 72.36% and a net margin of 1.14%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.12 billion. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that BJs Wholesale Club Holdings Inc will post 1.47 EPS for the current year.

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About BJs Wholesale Club

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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

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