Cox Capital Mgt LLC Makes New $1.29 Million Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Cox Capital Mgt LLC purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,656 shares of the company’s stock, valued at approximately $1,291,000.

A number of other large investors also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after buying an additional 2,571,709 shares during the period. Bessemer Group Inc. raised its position in shares of BJ’s Wholesale Club by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after acquiring an additional 56,442 shares during the period. Principal Financial Group Inc. increased its stake in BJ’s Wholesale Club by 17.2% in the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after purchasing an additional 237,902 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BJ’s Wholesale Club by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock valued at $120,351,000 after buying an additional 163,526 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of BJ’s Wholesale Club by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 1,126,743 shares of the company’s stock worth $98,973,000 after purchasing an additional 42,413 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now directly owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the sale, the chief executive officer now directly owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the transaction, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at $5,252,496.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 79,438 shares of company stock worth $6,946,288. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BJ. Bank of America cut their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Evercore ISI lifted their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Loop Capital increased their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. upgraded 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, Melius Research began coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.31.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock traded down $0.47 during trading hours on Friday, hitting $86.77. The company had a trading volume of 1,323,781 shares, compared to its average volume of 1,517,731. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The firm has a market cap of $11.50 billion, a PE ratio of 21.91, a PEG ratio of 3.27 and a beta of 0.25. The firm has a 50-day moving average of $82.81 and a 200 day moving average of $82.92. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

BJ’s Wholesale Club Company Profile

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.