BJs Wholesale Club Holdings Inc (BJ) Position Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) by 286.9% in the third quarter, HoldingsChannel.com reports. The fund owned 50,885 shares of the company’s stock after acquiring an additional 37,734 shares during the quarter. Russell Investments Group Ltd.’s holdings in BJs Wholesale Club were worth $1,361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC purchased a new position in BJs Wholesale Club during the 2nd quarter valued at $280,000. Bank of New York Mellon Corp purchased a new position in BJs Wholesale Club during the 2nd quarter valued at $298,000. Strs Ohio purchased a new position in BJs Wholesale Club during the 3rd quarter valued at $334,000. Legal & General Group Plc purchased a new position in BJs Wholesale Club during the 2nd quarter valued at $468,000. Finally, MYDA Advisors LLC purchased a new position in BJs Wholesale Club during the 2nd quarter valued at $591,000. Institutional investors own 83.77% of the company’s stock.

Shares of BJ stock opened at $23.46 on Friday. BJs Wholesale Club Holdings Inc has a twelve month low of $19.31 and a twelve month high of $32.92.

BJs Wholesale Club (NYSE:BJ) last issued its earnings results on Tuesday, November 20th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. BJs Wholesale Club’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that BJs Wholesale Club Holdings Inc will post 0.95 EPS for the current fiscal year.

A number of research firms recently issued reports on BJ. Zacks Investment Research upgraded BJs Wholesale Club from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a report on Wednesday, November 28th. William Blair restated an “outperform” rating on shares of BJs Wholesale Club in a report on Monday, November 26th. Wells Fargo & Co restated a “hold” rating on shares of BJs Wholesale Club in a report on Wednesday, November 21st. Morgan Stanley dropped their price objective on BJs Wholesale Club from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, November 23rd. Finally, Citigroup upped their target price on BJs Wholesale Club from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. BJs Wholesale Club currently has an average rating of “Buy” and a consensus target price of $29.85.

In related news, SVP Graham Luce sold 31,523 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $25.09, for a total transaction of $790,912.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tommy Yin sold 15,034,658 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $26.00, for a total value of $390,901,108.00. The disclosure for this sale can be found here. Insiders sold a total of 15,430,535 shares of company stock valued at $400,833,662 over the last quarter.

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BJs Wholesale Club Company 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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Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJs Wholesale Club Holdings Inc (NYSE:BJ).

Institutional Ownership by Quarter for BJs Wholesale Club (NYSE:BJ)

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