First Trust Advisors LP trimmed its holdings in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,263 shares of the company’s stock after selling 11,796 shares during the quarter. First Trust Advisors LP owned about 0.08% of BJs Wholesale Club worth $2,532,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Northern Trust Corp purchased a new position in shares of BJs Wholesale Club in the 2nd quarter worth about $1,153,000. Russell Investments Group Ltd. boosted its holdings in shares of BJs Wholesale Club by 286.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 50,885 shares of the company’s stock worth $1,361,000 after purchasing an additional 37,734 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of BJs Wholesale Club by 783.3% in the 3rd quarter. Wells Fargo & Company MN now owns 169,553 shares of the company’s stock worth $4,541,000 after purchasing an additional 150,358 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BJs Wholesale Club by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,748,909 shares of the company’s stock worth $73,616,000 after purchasing an additional 725,143 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of BJs Wholesale Club in the 3rd quarter worth about $1,146,000. Institutional investors and hedge funds own 81.61% of the company’s stock.
In other BJs Wholesale Club news, major shareholder Cvc European Equity V. Ltd sold 9,775,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.58, for a total transaction of $240,269,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert W. Eddy sold 9,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $27.00, for a total value of $245,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,299,319 shares of company stock valued at $253,607,591 in the last ninety days.
A number of equities analysts have recently issued reports on BJ shares. Zacks Investment Research upgraded BJs Wholesale Club from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a report on Wednesday, November 28th. Barclays assumed coverage on BJs Wholesale Club in a report on Friday, February 1st. They issued an “equal weight” rating for the company. William Blair restated an “outperform” rating on shares of BJs Wholesale Club in a report on Monday, November 26th. Nomura dropped their target price on BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Wells Fargo & Co upgraded BJs Wholesale Club from a “market perform” rating to an “outperform” rating and increased their target price for the company from $26.00 to $29.00 in a report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.92.
Shares of BJ stock opened at $25.43 on Friday. The stock has a market cap of $3.54 billion and a P/E ratio of 22.31. BJs Wholesale Club Holdings Inc has a 1-year low of $19.31 and a 1-year high of $32.92.
BJs Wholesale Club (NYSE:BJ) last issued its earnings results on Wednesday, March 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08. The company had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.36 billion. The business’s revenue was down 4.2% on a year-over-year basis. As a group, equities analysts predict that BJs Wholesale Club Holdings Inc will post 1.48 earnings per share for the current fiscal year.
BJs Wholesale Club Profile
BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.
Further Reading: SEC Filing
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