Aigen Investment Management LP Sells 10,602 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Key Points

• Aigen Investment Management LP significantly reduced its stake in BJ's Wholesale Club by 75.2%, selling 10,602 shares and now holding only 3,503 shares valued at $400,000.
• Insider trading included CEO Robert W. Eddy selling 17,900 shares for approximately $1.9 million, reflecting a 4.63% decrease in his ownership.
• Equities analysts show a mix of ratings for BJ's Wholesale Club, with a majority upgrading their outlook, leading to an average price target of $111.41 for the stock.

Aigen Investment Management LP lowered its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 75.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,503 shares of the company's stock after selling 10,602 shares during the period. Aigen Investment Management LP's holdings in BJ's Wholesale Club were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BJ. Kayne Anderson Rudnick Investment Management LLC grew its position in BJ's Wholesale Club by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company's stock worth $387,009,000 after purchasing an additional 43,106 shares during the period. Bessemer Group Inc. boosted its stake in shares of BJ's Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock worth $477,709,000 after acquiring an additional 1,662,415 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of BJ's Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock worth $368,393,000 after acquiring an additional 741,782 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of BJ's Wholesale Club by 199.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after acquiring an additional 1,989,980 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of BJ's Wholesale Club by 3.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,420,468 shares of the company's stock worth $126,919,000 after acquiring an additional 49,299 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BJ shares. Loop Capital reiterated a "hold" rating and set a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Morgan Stanley lifted their price target on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. UBS Group reiterated a "buy" rating and set a $135.00 price target on shares of BJ's Wholesale Club in a research note on Wednesday. Wall Street Zen cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Citigroup lifted their target price on shares of BJ's Wholesale Club from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $111.06.

Insider Activity

In other news, Director Steven L. Ortega purchased 1,740 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the acquisition, the director owned 8,641 shares of the company's stock, valued at approximately $990,258.60. This trade represents a 25.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the transaction, the chief executive officer owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,061 shares of company stock worth $15,027,745. 1.40% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Price Performance

Shares of NYSE BJ traded up $0.45 during mid-day trading on Friday, hitting $103.31. 2,620,709 shares of the company's stock traded hands, compared to its average volume of 1,789,876. The company's 50-day moving average is $107.73 and its two-hundred day moving average is $109.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The company has a market capitalization of $13.64 billion, a P/E ratio of 24.03, a PEG ratio of 2.86 and a beta of 0.43. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.23. The firm had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.