Ameriprise Financial Inc. Reduces Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Ameriprise Financial Inc. decreased its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,075,858 shares of the company's stock after selling 33,075 shares during the period. Ameriprise Financial Inc. owned about 0.81% of BJ's Wholesale Club worth $96,128,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BJ. Covestor Ltd lifted its stake in BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after buying an additional 115 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of BJ's Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after buying an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. grew 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 worth $47,000 after acquiring an additional 457 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in BJ's Wholesale Club in the third quarter worth about $55,000. Finally, UMB Bank n.a. lifted its holdings in BJ's Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock valued at $56,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Analyst Ratings Changes

BJ has been the topic of a number of research reports. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Wells Fargo & Company reissued an "overweight" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Robert W. Baird boosted their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Evercore ISI decreased their price target on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group upped their price objective on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Seven equities research 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 presently has an average rating of "Moderate Buy" and an average price target of $112.12.

Insiders Place Their Bets

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction 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 represents a 12.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares of the company's stock, valued at $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 328,505 shares of company stock valued at $37,452,686 in the last 90 days. Corporate insiders own 2.00% of the company's stock.

BJ's Wholesale Club Price Performance

NYSE BJ traded up $0.02 during midday trading on Friday, hitting $114.75. The company had a trading volume of 1,120,749 shares, compared to its average volume of 1,648,876. The firm has a 50-day moving average price of $113.94 and a 200-day moving average price of $101.95. The company has a market capitalization of $15.11 billion, a PE ratio of 27.58, a P/E/G ratio of 4.50 and a beta of 0.59. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The firm had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.29 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. As a group, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ's Wholesale Club Company Profile

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.