Mitsubishi UFJ Asset Management Co. Ltd. Trims Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Mitsubishi UFJ Asset Management Co. Ltd. cut its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 54.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,468 shares of the company’s stock after selling 35,600 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in BJ’s Wholesale Club were worth $1,932,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BJ. FMR LLC grew its holdings in shares of BJ’s Wholesale Club by 39.7% in the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after purchasing an additional 4,548,963 shares during the last quarter. Victory Capital Management Inc. grew its holdings in BJ’s Wholesale Club by 22.2% during the 3rd quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock worth $324,460,000 after acquiring an additional 826,591 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in BJ’s Wholesale Club during the 4th quarter worth about $50,994,000. Ameriprise Financial Inc. grew its holdings in BJ’s Wholesale Club by 38.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after acquiring an additional 467,575 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in BJ’s Wholesale Club during the 3rd quarter worth about $29,768,000. 98.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Wednesday, February 7th. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $87.00 in a report on Monday, April 8th. JPMorgan Chase & Co. increased their target price on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Loop Capital reiterated a “hold” rating and set a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Finally, Evercore ISI raised their price target on shares of BJ’s Wholesale Club from $76.00 to $78.00 and gave the company an “in-line” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.40.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica Schwartz sold 13,578 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the sale, the executive vice president now directly owns 13,545 shares in the company, valued at approximately $1,067,481.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,840 shares of company stock valued at $7,408,605. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $80.70 on Tuesday. The firm has a market capitalization of $10.72 billion, a P/E ratio of 20.85, a PEG ratio of 3.45 and a beta of 0.27. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $76.21 and a 200 day moving average price of $70.47. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.33 and a 52 week high of $80.78.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. BJ’s Wholesale Club’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $1.00 EPS. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

BJ’s Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.