Bessemer Group Inc. Has $225.55 Million Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bessemer Group Inc. lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,524,345 shares of the company’s stock after selling 202,785 shares during the quarter. Bessemer Group Inc. owned approximately 1.91% of BJ’s Wholesale Club worth $225,551,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC increased its position in BJ’s Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after buying an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in BJ’s Wholesale Club by 652.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock worth $47,000 after purchasing an additional 457 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of BJ’s Wholesale Club in the third quarter valued at $55,000. UMB Bank n.a. lifted its stake 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 worth $56,000 after buying an additional 253 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of BJ’s Wholesale Club by 770.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company’s stock worth $102,000 after buying an additional 1,009 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP William C. Werner sold 14,192 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total value of $1,669,546.88. Following the transaction, the executive vice president now owns 26,113 shares in the company, valued at $3,071,933.32. The trade was a 35.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now directly owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 326,405 shares of company stock worth $37,201,232 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $112.20 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $120.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The business has a 50-day moving average of $107.71 and a 200-day moving average of $96.73. The company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $5.29 billion. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. Argus raised BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Wells Fargo & Company reissued an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Finally, Loop Capital raised their target price on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.