Bell Asset Management Ltd Sells 17,384 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bell Asset Management Ltd cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,043 shares of the company’s stock after selling 17,384 shares during the period. Bell Asset Management Ltd’s holdings in BJ’s Wholesale Club were worth $5,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its holdings in shares of BJ’s Wholesale Club by 652.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after purchasing an additional 457 shares during the period. Tortoise Investment Management LLC grew its holdings in shares of BJ’s Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after acquiring an additional 233 shares in the last quarter. UMB Bank n.a. increased its position 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 valued at $56,000 after purchasing an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in BJ’s Wholesale Club in the third quarter worth about $55,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in BJ’s Wholesale Club by 770.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company’s stock valued at $102,000 after purchasing an additional 1,009 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 14,192 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the sale, the executive vice president now owns 26,113 shares of the company’s stock, valued at approximately $3,071,933.32. This represents a 35.21 % 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, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,005 shares of company stock worth $5,148,708 in the last ninety days. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Trading Down 2.5 %

BJ’s Wholesale Club stock opened at $115.54 on Monday. 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 stock’s 50 day simple moving average is $106.88 and its two-hundred day simple moving average is $96.17. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $71.81 and a 12 month high of $120.43. The firm has a market cap of $15.21 billion, a PE ratio of 27.77, a P/E/G ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BJ. JPMorgan Chase & Co. increased their price objective on BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. DA Davidson upped their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Robert W. Baird raised their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Wells Fargo & Company restated an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Finally, UBS Group upped their price objective on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

About BJ’s Wholesale Club

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.