Envestnet Asset Management Inc. Has $76.58 Million Stock Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Envestnet Asset Management Inc. decreased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 671,143 shares of the company's stock after selling 10,967 shares during the period. Envestnet Asset Management Inc. owned about 0.51% of BJ's Wholesale Club worth $76,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BJ. Franklin Resources Inc. boosted its stake in BJ's Wholesale Club by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock valued at $470,775,000 after purchasing an additional 504,958 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of BJ's Wholesale Club by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company's stock valued at $387,009,000 after buying an additional 43,106 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of BJ's Wholesale Club by 65.9% during the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after buying an additional 1,662,415 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of BJ's Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after buying an additional 1,989,980 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in BJ's Wholesale Club by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock worth $229,808,000 after buying an additional 73,322 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ's Wholesale Club Price Performance

Shares of NYSE:BJ traded down $0.14 on Friday, reaching $106.56. 1,292,796 shares of the company traded hands, compared to its average volume of 1,688,965. The stock has a market capitalization of $14.07 billion, a PE ratio of 24.78, a P/E/G ratio of 2.94 and a beta of 0.45. 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's 50 day moving average is $111.94 and its 200-day moving average is $107.96. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. BJ's Wholesale Club's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven L. Ortega acquired 1,740 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the transaction, the senior vice president owned 14,240 shares in the company, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,900 shares of company stock worth $4,172,628. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

BJ has been the topic of several recent analyst reports. Wall Street Zen raised BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Evercore ISI cut their price objective on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Robert W. Baird upped their price objective on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their target price for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.12.

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.