Amalgamated Bank Sells 2,644 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Amalgamated Bank trimmed its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,511 shares of the company's stock after selling 2,644 shares during the period. Amalgamated Bank's holdings in BJ's Wholesale Club were worth $7,018,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in shares of BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of BJ's Wholesale Club in the first quarter worth $43,000. Continuum Advisory LLC lifted its stake in shares of BJ's Wholesale Club by 1,515.6% in the first quarter. Continuum Advisory LLC now owns 517 shares of the company's stock worth $59,000 after buying an additional 485 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after buying an additional 457 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in shares of BJ's Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after buying an additional 233 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

Insider Transactions at BJ's Wholesale Club

In other news, Director Steven L. Ortega bought 1,740 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $114.60 per share, with a total value of $199,404.00. Following the acquisition, the director owned 8,641 shares in the company, valued at $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the company's stock in a transaction dated 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 sale, the senior vice president directly owned 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. In the last quarter, insiders have sold 300,400 shares of company stock valued at $34,308,420. 1.40% of the stock is owned by insiders.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded down $0.89 during mid-day trading on Friday, reaching $108.25. The company's stock had a trading volume of 722,048 shares, compared to its average volume of 1,686,504. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $76.33 and a 1-year high of $121.10. The company has a market cap of $14.29 billion, a P/E ratio of 25.17, a PEG ratio of 3.03 and a beta of 0.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. The firm's 50-day moving average is $112.84 and its two-hundred day moving average is $107.38.

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

Analyst Upgrades and Downgrades

BJ has been the subject of a number of analyst reports. Roth Capital restated a "neutral" rating and issued a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upped their target price on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. The Goldman Sachs Group upped their target price 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. Loop Capital reiterated a "hold" rating and set a $120.00 target price (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Barclays upped their target price on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $116.12.

About BJ's Wholesale Club

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.