Comerica Bank Cuts Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Comerica Bank cut its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,391 shares of the company's stock after selling 2,867 shares during the quarter. Comerica Bank owned approximately 0.05% of BJ's Wholesale Club worth $6,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. boosted its holdings in BJ's Wholesale Club by 0.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock valued at $1,787,000 after acquiring an additional 105 shares during the last quarter. Lifestyle Asset Management Inc. boosted its stake in shares of BJ's Wholesale Club by 0.8% in the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company's stock valued at $1,191,000 after purchasing an additional 108 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of BJ's Wholesale Club by 0.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company's stock worth $1,353,000 after buying an additional 111 shares during the period. Covestor Ltd lifted its holdings 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 period. Finally, Venturi Wealth Management LLC grew its holdings in BJ's Wholesale Club by 4.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock worth $267,000 after acquiring an additional 132 shares during the period. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 0.4 %

BJ traded down $0.42 during trading on Wednesday, hitting $119.41. 1,109,572 shares of the stock traded hands, compared to its average volume of 1,642,262. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The firm has a 50-day moving average of $113.36 and a 200 day moving average of $101.33. The firm has a market capitalization of $15.72 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $75.75 and a 12-month high of $121.91.

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

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP William C. Werner sold 20,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares of the company's stock, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the firm's 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 completion of the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. The trade was a 12.85 % decrease in their position. 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company restated an "overweight" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Argus upgraded shares of BJ's Wholesale Club to a "hold" rating in a report 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 stock a "buy" rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price objective on BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Finally, Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their target price for the company from $115.00 to $130.00 in a research report on Thursday, April 3rd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.82.

BJ's Wholesale Club 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.