Sumitomo Mitsui Trust Group Inc. Makes New $749,000 Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Sumitomo Mitsui Trust Group Inc. purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,083 shares of the company’s stock, valued at approximately $749,000.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Roth Mkm lifted their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Melius Research initiated coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Wells Fargo & Company lifted their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group upped their price objective on BJ’s Wholesale Club from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $88.94.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the completion of the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock worth $2,818,390 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $86.30 on Wednesday. The stock has a market capitalization of $11.44 billion, a PE ratio of 21.79, a P/E/G ratio of 4.24 and a beta of 0.24. The firm has a fifty day simple moving average of $85.15 and a 200 day simple moving average of $85.15. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. On average, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.83 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.