Trillium Asset Management LLC Purchases Shares of 58,925 BJ’s Wholesale Club Holdings, Inc. $BJ

Trillium Asset Management LLC purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 58,925 shares of the company’s stock, valued at approximately $5,140,000.

Other large investors have also recently made changes to their positions in the company. Ossiam acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at approximately $100,000. Daiwa Securities Group Inc. lifted its stake in BJ’s Wholesale Club by 81.0% during the second quarter. Daiwa Securities Group Inc. now owns 6,824 shares of the company’s stock worth $736,000 after purchasing an additional 3,054 shares in the last quarter. AXA S.A. purchased a new position in shares of BJ’s Wholesale Club during the second quarter worth $1,094,000. Sei Investments Co. boosted its position in shares of BJ’s Wholesale Club by 31.5% during the second quarter. Sei Investments Co. now owns 276,115 shares of the company’s stock worth $29,773,000 after buying an additional 66,204 shares during the period. Finally, BNP Paribas acquired a new stake in shares of BJ’s Wholesale Club in the second quarter valued at $105,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Down 0.5%

Shares of NYSE:BJ opened at $91.35 on Friday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $106.69. The firm’s 50 day moving average price is $91.39 and its 200 day moving average price is $93.75. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 3.25 and a beta of 0.21.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 73,016 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the completion of the sale, the chief executive officer directly owned 282,330 shares of the company’s stock, valued at approximately $28,238,646.60. The trade was a 20.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the transaction, the executive vice president owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. The trade was a 44.63% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BJ shares. William Blair downgraded BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a report on Monday. DA Davidson set a $105.00 target price on BJ’s Wholesale Club in a research report on Tuesday. Citigroup cut their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. UBS Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.33.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.