Man Group plc grew its holdings in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) by 6.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 548,381 shares of the company’s stock after buying an additional 32,651 shares during the period. Man Group plc owned approximately 0.40% of BJs Wholesale Club worth $14,686,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Amica Retiree Medical Trust purchased a new stake in shares of BJs Wholesale Club during the 3rd quarter valued at $114,000. Tower Research Capital LLC TRC purchased a new stake in shares of BJs Wholesale Club during the 3rd quarter valued at $169,000. Jane Street Group LLC purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter valued at $280,000. Bank of New York Mellon Corp purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter valued at $298,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter valued at $311,000. Institutional investors own 82.90% of the company’s stock.
Shares of NYSE BJ traded down $0.26 during trading hours on Friday, reaching $23.78. 1,542,950 shares of the stock traded hands, compared to its average volume of 1,328,569. BJs Wholesale Club Holdings Inc has a 52-week low of $19.31 and a 52-week high of $32.92.
BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Tuesday, November 20th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.16 billion. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, equities analysts expect that BJs Wholesale Club Holdings Inc will post 0.95 earnings per share for the current year.
In related news, SVP Graham Luce sold 23,239 shares of BJs Wholesale Club stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $24.00, for a total transaction of $557,736.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kirk Saville sold 47,220 shares of BJs Wholesale Club stock in a transaction that occurred on Monday, December 31st. The shares were sold at an average price of $22.08, for a total value of $1,042,617.60. The disclosure for this sale can be found here.
Several research analysts have recently weighed in on BJ shares. Zacks Investment Research upgraded BJs Wholesale Club from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research note on Wednesday, November 28th. Citigroup started coverage on BJs Wholesale Club in a research note on Tuesday, October 2nd. They set a “buy” rating and a $31.00 price target for the company. Wells Fargo & Co reiterated a “hold” rating on shares of BJs Wholesale Club in a research note on Wednesday, November 21st. Morgan Stanley cut their target price on BJs Wholesale Club from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, November 23rd. Finally, Northcoast Research started coverage on BJs Wholesale Club in a research note on Tuesday, September 25th. They issued a “buy” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $29.85.
About BJs Wholesale Club
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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