OLD National Bancorp IN Boosts Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

OLD National Bancorp IN raised its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 35.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,305 shares of the company’s stock after purchasing an additional 1,384 shares during the period. OLD National Bancorp IN’s holdings in BJ’s Wholesale Club were worth $466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BJ. Raymond James Financial Services Advisors Inc. lifted its holdings in BJ’s Wholesale Club by 2.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,639 shares of the company’s stock valued at $1,642,000 after purchasing an additional 644 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at about $5,745,000. Bleakley Financial Group LLC acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at about $729,000. Allspring Global Investments Holdings LLC raised its position in shares of BJ’s Wholesale Club by 73.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 78,619 shares of the company’s stock valued at $5,241,000 after buying an additional 33,254 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at about $320,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Down 0.8 %

BJ’s Wholesale Club stock traded down $0.66 during trading on Friday, reaching $83.56. The stock had a trading volume of 1,294,163 shares, compared to its average volume of 1,477,676. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37. The business has a 50 day moving average price of $88.07 and a 200 day moving average price of $79.10. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.09 billion, a PE ratio of 21.70, a P/E/G ratio of 3.12 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Evercore ISI increased their target price on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, May 23rd. Bank of America increased their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. TD Cowen raised their price objective on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, UBS Group increased their target price on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.35.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 28,842 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the sale, the executive vice president now owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the transaction, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction on Friday, July 19th. The shares were 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 in the company, valued at $5,252,496.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,544 shares of company stock valued at $7,237,084. 2.00% of the stock is owned by corporate insiders.

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.