Wellington Management Group LLP reduced its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 3.7% during the fourth quarter, the company said in its most recent filing with the Securities and Exchange Commission. The fund owned 1,286,801 shares of the company’s stock after selling 48,924 shares during the period. Wellington Management Group LLP owned about 0.96% of BJ’s Wholesale Club worth $85,778,000 at the end of the most recent reporting period.
Several other major investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock worth $342,385,000 after buying an additional 590,113 shares during the same period. Morgan Stanley increased its stake in shares of BJ’s Wholesale Club by 10.3% in the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock worth $281,229,000 after buying an additional 369,317 shares during the same period. Putnam Investments LLC increased its stake in BJ’s Wholesale Club by 4.3% in the fourth quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after buying an additional 150,414 shares during the same period. Fiduciary Management Inc. WI increased its stake in BJ’s Wholesale Club by 17.6% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after buying an additional 377,019 shares during the same period. Finally, Ameriprise Financial Inc. increased its stake in BJ’s Wholesale Club by 38.3% in the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock valued at $120,500,000 after buying an additional 467,575 shares during the same period. Hedge funds and other institutional investors own 98.60% of the company’s shares.
Analysts set new price targets
Several research analysts have recently commented on BJ shares. JPMorgan Chase & Co. increased their price target on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Loop Capital reiterated a “hold” rating and set a $80.00 price target (previously $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Bank of America increased their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. TD Cowen increased their price target 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 24. Finally, DA Davidson increased their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24. One equities analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating on the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.06.
Check out our latest report on BJ’s Wholesale Club
BJ’s Wholesale Club trading down 0.1%
NYSE BJ opened at $88.50 on Friday. The stock has a 50-day moving average of $81.49 and a 200-day moving average of $73.77. The company has a market cap of $11.74 billion, a P/E ratio of 22.99, a PEG ratio of 3.20 and a beta of 0.24. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $61.06 and a 12-month high of $90.43.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last released its quarterly earnings results on Thursday, May 23. The company reported earnings per share (EPS) of $0.85 for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company posted revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the company posted earnings per share of $0.85. BJ’s Wholesale Club’s quarterly revenue grew 4.1% year-over-year. Research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will report earnings per share of $3.91 for the current year.
Insider Activities at BJ’s Wholesale Club
In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, April 8. The shares were sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the CEO now directly owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, April 8. The shares were sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the CEO now directly owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 15. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure regarding this sale can be found here. In the last ninety days, insiders sold 39,684 shares of the company’s stock, valued at $3,204,268. Insiders own 2.00% of the company’s stock.
About BJ’s Wholesale Club
(Free report)
BJ’s Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs in the eastern half of the United States. It offers groceries, general merchandise, gasoline and other ancillary services, coupon books and special offers. The company sells its products through the websites BJs.com, BerkleyJensen.com and Wellsleyfarms.com and through the mobile app.
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