Freedom Investment Management Inc. Sells 817 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Freedom Investment Management Inc. decreased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,946 shares of the company’s stock after selling 817 shares during the quarter. Freedom Investment Management Inc.’s holdings in BJ’s Wholesale Club were worth $621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd increased its position in BJ’s Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after buying an additional 115 shares in the last quarter. Tortoise Investment Management LLC raised its stake in BJ’s Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after acquiring an additional 233 shares during the period. Brown Brothers Harriman & Co. lifted its holdings 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 valued at $47,000 after purchasing an additional 457 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of BJ’s Wholesale Club in the third quarter worth approximately $55,000. Finally, UMB Bank n.a. increased its stake in shares of BJ’s Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after purchasing an additional 253 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BJ has been the subject of several recent analyst reports. UBS Group upped their target price 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. DA Davidson lifted their target price on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays upped their price target on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Morgan Stanley lifted their price objective on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. Finally, Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 2,100 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. This trade represents a 12.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction dated 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 completion of the transaction, the director now owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 328,505 shares of company stock worth $37,452,686. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $118.57 on Friday. The company has a market cap of $15.61 billion, a P/E ratio of 28.50, a P/E/G ratio of 4.50 and a beta of 0.54. The business’s 50 day moving average price is $110.18 and its 200-day moving average price is $98.78. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $73.01 and a fifty-two week high of $121.10. 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 (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) 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 analyst estimates of $5.29 billion. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

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.