BJ's Wholesale Club Holdings, Inc. $BJ Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in BJ's Wholesale Club by 30.3% during the first quarter, owning 21,068 shares worth approximately $2.4 million after selling 9,170 shares.
• Insider Paul Cichocki sold 58,436 shares of BJ's stock, representing a 33.86% decrease in his ownership, while Director Steven L. Ortega increased his position by purchasing 1,740 shares.
• Several analysts have recently adjusted their ratings on BJ's Wholesale Club, with Morgan Stanley raising its price target from $115 to $125, while others downgraded the stock's rating.

Algert Global LLC lessened its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 30.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,068 shares of the company's stock after selling 9,170 shares during the period. Algert Global LLC's holdings in BJ's Wholesale Club were worth $2,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BJ. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the first quarter valued at approximately $33,000. HM Payson & Co. purchased a new position in BJ's Wholesale Club during the first quarter worth approximately $41,000. Bartlett & CO. Wealth Management LLC acquired a new position in BJ's Wholesale Club during the first quarter worth $43,000. Wayfinding Financial LLC purchased a new stake in BJ's Wholesale Club in the 1st quarter valued at $51,000. Finally, IFP Advisors Inc grew its holdings in BJ's Wholesale Club by 22.0% in the 1st quarter. IFP Advisors Inc now owns 510 shares of the company's stock valued at $58,000 after buying an additional 92 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BJ's Wholesale Club

In other news, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the completion of the sale, the executive vice president directly owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Ortega bought 1,740 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director owned 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 138,061 shares of company stock worth $15,027,745 over the last ninety days. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BJ shares. Morgan Stanley lifted their price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Wall Street Zen cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Gordon Haskett cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research note on Friday, August 15th. Finally, Loop Capital restated a "hold" rating and set a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and an average target price of $115.33.

BJ's Wholesale Club Trading Down 1.0%

NYSE BJ opened at $106.2160 on Friday. 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 stock has a market capitalization of $14.03 billion, a P/E ratio of 24.70, a PEG ratio of 2.97 and a beta of 0.43. The firm's 50-day moving average is $107.44 and its two-hundred day moving average is $110.03. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 EPS 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 firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period in the prior year, the business posted $0.85 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.