BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Stake Lessened by Bank of America Corp DE

Bank of America Corp DE trimmed its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,309,171 shares of the company's stock after selling 45,743 shares during the period. Bank of America Corp DE owned approximately 0.99% of BJ's Wholesale Club worth $116,974,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BJ. Barclays PLC lifted its stake in BJ's Wholesale Club by 118.6% during the third quarter. Barclays PLC now owns 144,652 shares of the company's stock valued at $11,931,000 after purchasing an additional 78,470 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of BJ's Wholesale Club during the 3rd quarter valued at $55,000. First Hawaiian Bank bought a new stake in shares of BJ's Wholesale Club during the 4th quarter worth $306,000. Wedmont Private Capital grew its holdings in shares of BJ's Wholesale Club by 9.0% in the 4th quarter. Wedmont Private Capital now owns 2,822 shares of the company's stock worth $273,000 after acquiring an additional 233 shares during the last quarter. Finally, Cooper Financial Group raised its position in shares of BJ's Wholesale Club by 12.2% during the fourth quarter. Cooper Financial Group now owns 5,876 shares of the company's stock worth $525,000 after purchasing an additional 637 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Price Performance

Shares of BJ opened at $114.75 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm has a market cap of $15.11 billion, a PE ratio of 27.58, a PEG ratio of 4.50 and a beta of 0.59. The firm's 50 day moving average price is $113.94 and its 200 day moving average price is $101.84. 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 quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. As a group, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of analyst reports. Evercore ISI dropped their price target on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Loop Capital boosted their price target on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a report on Friday, March 7th. Argus raised shares of BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. DA Davidson boosted their target price on shares of 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. Finally, Wells Fargo & Company reaffirmed an "overweight" 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $112.12.

Insider Transactions at BJ's Wholesale Club

In related news, EVP William C. Werner sold 20,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares of the company's stock, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $251,454.00. Following the completion of the transaction, the senior vice president now owns 14,240 shares in the company, valued at $1,705,097.60. This trade represents a 12.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,505 shares of company stock worth $37,452,686. 2.00% of the stock is owned by corporate insiders.

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.

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