X Square Capital LLC Decreases Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

X Square Capital LLC decreased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,979 shares of the company’s stock after selling 510 shares during the quarter. X Square Capital LLC’s holdings in BJ’s Wholesale Club were worth $624,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in BJ’s Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after acquiring an additional 337,217 shares during the last quarter. State Street Corp increased its holdings in shares of BJ’s Wholesale Club by 1.1% in the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after purchasing an additional 45,288 shares during the last quarter. JPMorgan Chase & Co. lifted its position in BJ’s Wholesale Club by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock worth $229,808,000 after buying an additional 73,322 shares in the last quarter. Geode Capital Management LLC boosted its stake in BJ’s Wholesale Club by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company’s stock worth $182,770,000 after buying an additional 34,940 shares during the last quarter. Finally, Norges Bank purchased a new stake in BJ’s Wholesale Club in the 4th quarter valued at $135,344,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BJ shares. Loop Capital raised their price objective on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. DA Davidson upped their price objective 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. JPMorgan Chase & Co. raised their target price on BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. The Goldman Sachs Group upped their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Finally, Barclays raised their price objective on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Trading Up 2.0 %

BJ opened at $112.65 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a one year low of $71.81 and a one year high of $118.40. The company has a market cap of $14.83 billion, a P/E ratio of 27.08, a PEG ratio of 4.50 and a beta of 0.28. The business’s 50-day simple moving average is $104.60 and its 200-day simple moving average is $94.46.

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

Insiders Place Their Bets

In other news, EVP William C. Werner sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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.