Vanguard Group Inc. sells 23,168 shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Vanguard Group Inc. reduced its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,352,578 shares of the company’s stock after selling 23,168 shares during the quarter. Vanguard Group Inc. owned approximately 10.01% of BJ’s Wholesale Club worth $890,083,000, according to its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in BJ’s Wholesale Club by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,783 shares of the company’s stock valued at $54,180,000 after acquiring an additional 20,820 shares during the same period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at about $892,000. Russell Investments Group Ltd. increased its stake in shares of BJ’s Wholesale Club by 46.0% in the 4th quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock valued at $3,603,000 after acquiring an additional 17,024 shares during the same period. Thematics Asset Management increased its stake in shares of BJ’s Wholesale Club by 1.5% in the 4th quarter. Thematics Asset Management now owns 66,532 shares of the company’s stock valued at $4,435,000 after acquiring an additional 992 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at approximately $5,745,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club trading down 0.1%

NYSE BJ opened at $88.50 on Friday. 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. The company has a 50 day simple moving average of $81.49 and a 200 day simple moving average of $73.77. 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 $0.85 earnings per share (EPS) 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 had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.86 billion. In the same quarter last year, the company reported $0.85 earnings per share. The company’s quarterly revenue grew 4.1% year-over-year. On average, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will report $3.91 earnings per share for the current fiscal year.

Insider Buying and Selling 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 value of $843,700.00. Following the transaction, the CEO now directly owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, April 8. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the sale, the CEO now directly owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The sale was disclosed in a filing with the SEC, available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club 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 completion of the sale, the senior vice president now owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure regarding this sale can be found here. Insiders have sold a total of 39,684 shares of the company’s stock in the last 90 days, valued at $3,204,268. Company insiders own 2.00% of the company’s stock.

Wall Street analysts predict growth

Several brokerage firms have recently commented on BJ. UBS Group increased their price target on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Bank of America increased their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. increased their price target on BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research report on Tuesday, May 28th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price target on the stock from $81.00 to $87.00 in a report on Monday, April 8. Finally, Evercore ISI increased their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday. One investment analyst rated the stock with a sell rating, nine have given a hold rating, and seven have given a buy rating. According to data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and an average price target of $82.06.

Check out our latest report on BJ’s Wholesale Club

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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