NumerixS Investment Technologies Inc increased its holdings in BJs Wholesale Club Holdings Inc (NYSE:BJ) by 270.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,800 shares of the company’s stock after purchasing an additional 13,000 shares during the period. NumerixS Investment Technologies Inc’s holdings in BJs Wholesale Club were worth $482,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. bought a new stake in BJs Wholesale Club in the 1st quarter worth approximately $2,995,000. LGT Capital Partners LTD. increased its position in shares of BJs Wholesale Club by 73.3% during the 1st quarter. LGT Capital Partners LTD. now owns 65,000 shares of the company’s stock valued at $1,781,000 after purchasing an additional 27,500 shares during the last quarter. Rhumbline Advisers increased its position in shares of BJs Wholesale Club by 68.0% during the 1st quarter. Rhumbline Advisers now owns 169,067 shares of the company’s stock valued at $4,632,000 after purchasing an additional 68,460 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in BJs Wholesale Club by 60.4% during the 4th quarter. Bank of New York Mellon Corp now owns 305,953 shares of the company’s stock valued at $6,779,000 after acquiring an additional 115,176 shares during the period. Finally, Avalon Advisors LLC purchased a new position in BJs Wholesale Club during the 1st quarter valued at $3,610,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.
BJ has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on BJs Wholesale Club from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 1st. Gordon Haskett upgraded BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Morgan Stanley set a $28.00 target price on BJs Wholesale Club and gave the stock a “hold” rating in a report on Friday, May 24th. Nomura lowered their target price on BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Evercore ISI initiated coverage on BJs Wholesale Club in a report on Wednesday, March 20th. They issued an “outperform” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $30.43.
BJs Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, May 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. BJs Wholesale Club had a negative return on equity of 72.36% and a net margin of 1.14%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that BJs Wholesale Club Holdings Inc will post 1.48 earnings per share for the current year.
In related news, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $24.53, for a total transaction of $214,637,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert W. Eddy sold 14,041 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $26.00, for a total value of $365,066.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,214,540 shares of company stock worth $227,313,587. 17.70% of the stock is owned by corporate insiders.
BJs Wholesale Club Company Profile
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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