Bank of Montreal Can Boosts Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bank of Montreal Can raised its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,454 shares of the company’s stock after purchasing an additional 1,826 shares during the period. Bank of Montreal Can’s holdings in BJ’s Wholesale Club were worth $1,470,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Brown Brothers Harriman & Co. boosted its stake in shares of BJ’s Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock worth $47,000 after purchasing an additional 457 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of BJ’s Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after purchasing an additional 233 shares during the period. UMB Bank n.a. boosted its holdings in shares of BJ’s Wholesale Club by 68.2% during the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after purchasing an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in BJ’s Wholesale Club in the third quarter valued at $55,000. Finally, Aster Capital Management DIFC Ltd lifted its position in BJ’s Wholesale Club by 770.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company’s stock worth $102,000 after buying an additional 1,009 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Up 2.4 %

BJ’s Wholesale Club stock opened at $118.57 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $121.10. The firm’s 50-day moving average is $109.94 and its 200-day moving average is $98.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The company has a market cap of $15.61 billion, a P/E ratio of 28.50, a PEG ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. On average, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

BJ has been the topic of several recent analyst reports. Argus upgraded shares of BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Citigroup upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price target for the stock from $115.00 to $130.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group lifted their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Finally, Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.82.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. The trade was a 32.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert W. Eddy sold 280,400 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the transaction, the chief executive officer now owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. The trade was a 39.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 328,505 shares of company stock valued at $37,452,686 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Company Profile

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