Bank of New York Mellon Corp Purchases 115,176 Shares of BJs Wholesale Club Holdings Inc (NYSE:BJ)

Bank of New York Mellon Corp lifted its holdings in BJs Wholesale Club Holdings Inc (NYSE:BJ) by 60.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 305,953 shares of the company’s stock after purchasing an additional 115,176 shares during the period. Bank of New York Mellon Corp owned about 0.22% of BJs Wholesale Club worth $6,779,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BJ. PNC Financial Services Group Inc. raised its position in shares of BJs Wholesale Club by 201.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock valued at $26,000 after buying an additional 778 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of BJs Wholesale Club during the fourth quarter valued at approximately $73,000. Flagship Harbor Advisors LLC raised its position in shares of BJs Wholesale Club by 47.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 3,429 shares of the company’s stock valued at $75,000 after buying an additional 1,098 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of BJs Wholesale Club during the fourth quarter valued at approximately $81,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of BJs Wholesale Club during the third quarter valued at approximately $169,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

NYSE BJ traded up $0.30 on Friday, hitting $28.45. 660,598 shares of the stock were exchanged, compared to its average volume of 1,536,665. The firm has a market capitalization of $3.92 billion and a price-to-earnings ratio of 24.96. BJs Wholesale Club Holdings Inc has a 52-week low of $19.31 and a 52-week high of $32.92.

BJs Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.36 by $0.08. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.36 billion. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, research analysts anticipate that BJs Wholesale Club Holdings Inc will post 1.48 EPS for the current fiscal year.

A number of research firms recently weighed in on BJ. Wells Fargo & Co raised shares of BJs Wholesale Club from a “market perform” rating to an “outperform” rating and raised their target price for the company from $26.00 to $29.00 in a report on Tuesday, January 22nd. Nomura cut their target price on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Gordon Haskett raised shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Citigroup raised their target price on shares of BJs Wholesale Club from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Barclays began coverage on shares of BJs Wholesale Club in a report on Friday, February 1st. They issued an “equal weight” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. BJs Wholesale Club currently has an average rating of “Buy” and a consensus target price of $30.21.

In other news, EVP Robert W. Eddy sold 50,000 shares of BJs Wholesale Club stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $28.33, for a total transaction of $1,416,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kristyn M. Sugrue sold 4,552 shares of BJs Wholesale Club stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $25.25, for a total value of $114,938.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,142,106 shares of company stock valued at $250,313,135.

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About BJs Wholesale Club

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

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