BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Summit Global Investments

Summit Global Investments cut its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 55.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,973 shares of the company’s stock after selling 13,669 shares during the period. Summit Global Investments’ holdings in BJ’s Wholesale Club were worth $731,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. FMR LLC boosted its holdings in BJ’s Wholesale Club by 39.7% during the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after buying an additional 4,548,963 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock worth $342,385,000 after acquiring an additional 590,113 shares during the period. Morgan Stanley increased its stake in BJ’s Wholesale Club by 10.3% in the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after purchasing an additional 369,317 shares in the last quarter. River Road Asset Management LLC raised its holdings in BJ’s Wholesale Club by 5.9% during the third quarter. River Road Asset Management LLC now owns 3,883,231 shares of the company’s stock worth $277,146,000 after purchasing an additional 217,747 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in BJ’s Wholesale Club by 38.3% during the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after purchasing an additional 467,575 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $73.98 on Friday. The company has a market cap of $9.84 billion, a P/E ratio of 19.12, a P/E/G ratio of 3.20 and a beta of 0.27. The business has a fifty day simple moving average of $75.18 and a 200-day simple moving average of $69.80. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.33 and a 52 week high of $80.42. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price target for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Evercore ISI cut their target price on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Gordon Haskett downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Wednesday, February 7th. Loop Capital reissued a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. upped their target price on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $74.40.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the 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 transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at $998,459.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now owns 12,905 shares of the company’s stock, valued at $998,459.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Monica Schwartz sold 13,578 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the completion of the transaction, the executive vice president now owns 13,545 shares in the company, valued at $1,067,481.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,840 shares of company stock worth $7,408,605. 2.20% of the stock is owned by company insiders.

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.