Johnson Investment Counsel Inc. Increases Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Johnson Investment Counsel Inc. boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 37.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,920 shares of the company’s stock after purchasing an additional 13,360 shares during the period. Johnson Investment Counsel Inc.’s holdings in BJ’s Wholesale Club were worth $2,328,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BJ. First Trust Advisors LP grew its holdings in shares of BJ’s Wholesale Club by 0.8% during the 1st quarter. First Trust Advisors LP now owns 115,218 shares of the company’s stock worth $3,157,000 after acquiring an additional 955 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of BJ’s Wholesale Club by 22.4% during the 1st quarter. Teacher Retirement System of Texas now owns 15,418 shares of the company’s stock worth $692,000 after acquiring an additional 2,822 shares during the period. UBS Group AG grew its holdings in shares of BJ’s Wholesale Club by 9.1% during the 1st quarter. UBS Group AG now owns 369,085 shares of the company’s stock worth $16,557,000 after acquiring an additional 30,911 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $385,000. Finally, Geode Capital Management LLC grew its holdings in shares of BJ’s Wholesale Club by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 2,205,978 shares of the company’s stock worth $98,960,000 after acquiring an additional 156,790 shares during the period.

BJ has been the topic of a number of analyst reports. Robert W. Baird boosted their price target on BJ’s Wholesale Club from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, August 20th. Loop Capital boosted their price target on BJ’s Wholesale Club from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, September 29th. Barclays boosted their price target on BJ’s Wholesale Club from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, August 20th. Citigroup boosted their price target on BJ’s Wholesale Club from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, August 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on BJ’s Wholesale Club from $49.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, August 20th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $55.08.

NYSE BJ opened at $56.94 on Thursday. The business’s fifty day moving average price is $55.91 and its 200-day moving average price is $49.84. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.35 and a beta of 0.46. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.70 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $36.07 and a 1-year high of $59.81.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Wednesday, August 18th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The firm had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $3.80 billion. BJ’s Wholesale Club had a return on equity of 121.98% and a net margin of 2.62%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. Equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 2.92 EPS for the current year.

In other BJ’s Wholesale Club news, SVP Graham Luce sold 4,062 shares of the stock in a transaction on Wednesday, July 21st. The stock was sold at an average price of $49.79, for a total value of $202,246.98. Following the completion of the sale, the senior vice president now owns 37,669 shares in the company, valued at approximately $1,875,539.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William C. Werner sold 36,132 shares of the stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $55.30, for a total value of $1,998,099.60. Following the completion of the sale, the executive vice president now owns 116,078 shares of the company’s stock, valued at approximately $6,419,113.40. The disclosure for this sale can be found here. Insiders have sold a total of 124,360 shares of company stock worth $6,651,931 over the last three months. Insiders own 2.10% of the company’s stock.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse club. Its products 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.

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

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