Prana Capital Management LP Makes New Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Prana Capital Management LP purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 91,292 shares of the company’s stock, valued at approximately $8,157,000. Prana Capital Management LP owned 0.07% of BJ’s Wholesale Club as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BJ. Covestor Ltd grew its stake in shares of BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after purchasing an additional 115 shares during the period. Tortoise Investment Management LLC lifted its holdings in BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after purchasing an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of BJ’s Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock worth $47,000 after acquiring an additional 457 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after acquiring an additional 253 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of BJ’s Wholesale Club by 9,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company’s stock worth $70,000 after acquiring an additional 776 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Insider Activity at BJ’s Wholesale Club

In related news, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 280,400 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the sale, the chief executive officer now owns 422,033 shares of the company’s stock, valued at $48,242,592.23. The trade was a 39.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 328,505 shares of company stock worth $37,452,686. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BJ has been the topic of several recent research reports. Loop Capital upped their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. DA Davidson increased their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 7th. The Goldman Sachs Group increased their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a report on Monday, March 10th. JPMorgan Chase & Co. increased their price target on BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Finally, Argus upgraded BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.12.

BJ’s Wholesale Club Price Performance

BJ opened at $108.24 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $113.93 and its 200-day simple moving average is $102.22. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 4.50 and a beta of 0.59.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. On average, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.