Norden Group LLC Has $849,000 Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Norden Group LLC lifted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,732 shares of the company’s stock after acquiring an additional 901 shares during the period. Norden Group LLC’s holdings in BJ’s Wholesale Club were worth $849,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. FMR LLC raised its position in shares of BJ’s Wholesale Club by 39.7% in the 3rd quarter. FMR LLC now owns 16,013,702 shares of the company’s stock valued at $1,142,898,000 after acquiring an additional 4,548,963 shares during the period. Victory Capital Management Inc. increased its stake in BJ’s Wholesale Club by 22.2% during the 3rd quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock worth $324,460,000 after purchasing an additional 826,591 shares in the last quarter. Morgan Stanley increased its stake in BJ’s Wholesale Club by 10.3% during the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock worth $281,229,000 after purchasing an additional 369,317 shares in the last quarter. River Road Asset Management LLC increased its stake in BJ’s Wholesale Club by 5.9% during the 3rd quarter. River Road Asset Management LLC now owns 3,883,231 shares of the company’s stock worth $277,146,000 after purchasing an additional 217,747 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in BJ’s Wholesale Club by 38.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after purchasing an additional 467,575 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Monica Schwartz sold 13,578 shares of BJ’s Wholesale Club stock in a transaction dated Thursday, April 11th. The stock was 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 owns 13,545 shares in the company, valued at $1,067,481.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Monica Schwartz sold 13,578 shares of BJ’s Wholesale Club stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the completion of 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. Insiders have sold a total of 98,840 shares of company stock worth $7,408,605 over the last 90 days. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

BJ has been the subject of a number of research reports. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $87.00 in a research note on Monday, April 8th. Loop Capital reissued a “hold” rating and set a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a research note 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 note on Tuesday, April 16th. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $70.00 price target (down from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. One 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.40.

BJ’s Wholesale Club Price Performance

BJ stock traded up $0.36 during midday trading on Tuesday, reaching $75.89. The company had a trading volume of 955,574 shares, compared to its average volume of 1,452,354. The company has a market capitalization of $10.09 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 3.32 and a beta of 0.26. The stock has a 50 day moving average price of $74.77 and a 200-day moving average price of $69.64. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $60.33 and a 1-year high of $80.42. 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 released its earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

BJ’s Wholesale Club 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.