GAMMA Investing LLC Invests $88,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

GAMMA Investing LLC bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,361 shares of the company’s stock, valued at approximately $88,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Huntington National Bank increased its position in BJ’s Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after purchasing an additional 411 shares in the last quarter. First Horizon Advisors Inc. grew 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 acquiring an additional 159 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in BJ’s Wholesale Club in the fourth quarter valued at approximately $78,000. Headlands Technologies LLC acquired a new stake in BJ’s Wholesale Club in the third quarter valued at approximately $89,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in BJ’s Wholesale Club in the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company reaffirmed 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. The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price objective for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Loop Capital reaffirmed 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. Evercore ISI decreased their price target on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $74.40.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $75.53 on Tuesday. The business’s fifty day moving average price is $74.77 and its 200 day moving average price is $69.64. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $60.33 and a 12-month high of $80.42. The stock has a market capitalization of $10.04 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 3.32 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14.

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

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total value of $77,370.00. Following the sale, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total value of $77,370.00. Following the sale, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica Schwartz sold 13,578 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total value of $1,070,082.18. Following the transaction, the executive vice president now directly owns 13,545 shares in the company, valued at $1,067,481.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,840 shares of company stock worth $7,408,605. 2.20% of the stock is owned by insiders.

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.