Massachusetts Financial Services Co. MA Has $196.93 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Massachusetts Financial Services Co. MA boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 60.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,387,592 shares of the company’s stock after acquiring an additional 896,263 shares during the period. Massachusetts Financial Services Co. MA’s holdings in BJ’s Wholesale Club were worth $196,929,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Blue Trust Inc. bought a new stake in BJ’s Wholesale Club in the second quarter valued at about $25,000. Davis Capital Management bought a new position in BJ’s Wholesale Club during the third quarter worth about $25,000. UMB Bank n.a. grew its position in shares of BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $41,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Transactions at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 in the last three months. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BJ shares. Wells Fargo & Company boosted their price objective on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. UBS Group boosted their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday. TD Cowen raised their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, Jefferies Financial Group raised their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.50.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $96.75 on Friday. The company has a 50 day moving average of $85.83 and a 200-day moving average of $85.34. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $12.83 billion, a P/E ratio of 24.43, a P/E/G ratio of 4.19 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.73 and a twelve month high of $97.53.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current fiscal year.

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.