Bank Julius Baer & Co. Ltd Zurich Sells 46,411 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 42.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,918 shares of the company's stock after selling 46,411 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in BJ's Wholesale Club were worth $7,248,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Covestor Ltd raised 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 valued at $26,000 after acquiring an additional 115 shares during the period. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the first quarter valued at $33,000. HM Payson & Co. purchased a new stake in shares of BJ's Wholesale Club in the first quarter valued at $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the first quarter valued at $43,000. Finally, Brown Brothers Harriman & Co. raised 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 valued at $47,000 after acquiring an additional 457 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the firm'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 of the company's stock, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven L. Ortega bought 1,740 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the transaction, the director directly owned 8,641 shares in the company, valued at approximately $990,258.60. This trade represents a 25.21% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 79,625 shares of company stock valued at $8,595,110. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BJ shares. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Wall Street Zen upgraded BJ's Wholesale Club from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Citigroup boosted their price objective on BJ's Wholesale Club from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday. Robert W. Baird boosted their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Finally, Loop Capital restated a "hold" rating and set a $120.00 price objective (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $111.00.

BJ's Wholesale Club Stock Up 0.6%

NYSE BJ traded up $0.64 during trading on Friday, reaching $104.19. 1,525,221 shares of the company's stock traded hands, compared to its average volume of 1,572,981. 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 firm has a market cap of $13.76 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.88 and a beta of 0.45. The company's 50 day simple moving average is $110.04 and its two-hundred day simple moving average is $108.85. 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 posted its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.