Canyon Capital Advisors LLC acquired a new stake in BJs Wholesale Club Holdings Inc (NYSE:BJ) during the 2nd quarter, HoldingsChannel reports. The fund acquired 250,000 shares of the company’s stock, valued at approximately $5,913,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC bought a new position in BJs Wholesale Club during the second quarter worth about $200,102,000. Citadel Advisors LLC bought a new position in BJs Wholesale Club during the second quarter worth about $68,786,000. Putnam Investments LLC bought a new position in BJs Wholesale Club during the second quarter worth about $53,841,000. Massachusetts Financial Services Co. MA bought a new position in BJs Wholesale Club during the second quarter worth about $45,932,000. Finally, Millennium Management LLC bought a new position in BJs Wholesale Club during the second quarter worth about $37,390,000. 65.73% of the stock is currently owned by institutional investors.

BJ stock opened at $27.87 on Tuesday. BJs Wholesale Club Holdings Inc has a 12 month low of $20.56 and a 12 month high of $32.92.

BJs Wholesale Club (NYSE:BJ) last released its earnings results on Tuesday, August 28th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the business earned $0.22 earnings per share. BJs Wholesale Club’s quarterly revenue was up 4.3% compared to the same quarter last year. research analysts expect that BJs Wholesale Club Holdings Inc will post 0.92 EPS for the current year.

In other news, EVP Robert W. Eddy bought 2,000 shares of the firm’s stock in a transaction on Wednesday, June 27th. The shares were purchased at an average cost of $17.00 per share, with a total value of $34,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of research firms recently commented on BJ. Citigroup began coverage on shares of BJs Wholesale Club in a research report on Monday, July 23rd. They set a “buy” rating and a $30.00 price target on the stock. Loop Capital began coverage on shares of BJs Wholesale Club in a research report on Monday, July 9th. They set a “buy” rating and a $28.00 price target on the stock. Deutsche Bank began coverage on shares of BJs Wholesale Club in a research report on Monday, July 23rd. They set a “$26.00” rating and a $30.00 price target on the stock. Jefferies Financial Group began coverage on shares of BJs Wholesale Club in a research report on Monday, July 23rd. They set a “buy” rating and a $31.00 price target on the stock. Finally, William Blair began coverage on shares of BJs Wholesale Club in a research report on Monday, July 23rd. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. BJs Wholesale Club currently has an average rating of “Hold” and an average target price of $29.45.

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

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