Principal Financial Group Inc. grew its holdings in BJs Wholesale Club Holdings Inc (NYSE:BJ) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,037,647 shares of the company’s stock after purchasing an additional 32,749 shares during the quarter. Principal Financial Group Inc.’s holdings in BJs Wholesale Club were worth $28,431,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in BJs Wholesale Club by 201.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock worth $26,000 after purchasing an additional 778 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in BJs Wholesale Club during the fourth quarter worth about $73,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BJs Wholesale Club in the 4th quarter valued at $81,000. QS Investors LLC acquired a new stake in BJs Wholesale Club during the 4th quarter worth about $89,000. Finally, Great West Life Assurance Co. Can bought a new position in shares of BJs Wholesale Club in the 4th quarter valued at approximately $199,000. 89.01% of the stock is currently owned by institutional investors.
In other BJs Wholesale Club news, EVP Robert W. Eddy sold 20,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $29.00, for a total value of $580,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $24.53, for a total value of $214,637,500.00. The disclosure for this sale can be found here. Insiders sold 9,167,524 shares of company stock valued at $226,125,693 in the last quarter. 17.70% of the stock is currently owned by corporate insiders.
NYSE BJ opened at $24.76 on Friday. The stock has a market capitalization of $3.41 billion and a P/E ratio of 21.72. BJs Wholesale Club Holdings Inc has a 12 month low of $19.31 and a 12 month high of $32.92.
BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.12 billion. BJs Wholesale Club had a negative return on equity of 72.36% and a net margin of 1.14%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that BJs Wholesale Club Holdings Inc will post 1.47 EPS for the current fiscal year.
A number of equities analysts have commented on BJ shares. Gordon Haskett raised BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Zacks Investment Research raised BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, May 24th. Citigroup boosted their price objective on BJs Wholesale Club from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Nomura reduced their price objective on BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Morgan Stanley set a $28.00 price objective on BJs Wholesale Club and gave the stock a “hold” rating in a research note on Friday, May 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. BJs Wholesale Club currently has an average rating of “Hold” and an average target price of $30.43.
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BJs Wholesale Club Profile
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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