BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC decreased its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 81.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,201 shares of the company's stock after selling 9,662 shares during the quarter. Milestone Asset Management LLC's holdings in BJ's Wholesale Club were worth $251,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd increased its position 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 buying an additional 115 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in shares of BJ's Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after acquiring an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of BJ's Wholesale Club by 652.9% during 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 last quarter. State of Wyoming acquired a new stake in BJ's Wholesale Club in the 4th quarter worth about $69,000. Finally, TD Waterhouse Canada Inc. boosted its stake in BJ's Wholesale Club by 9,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock worth $70,000 after buying an additional 776 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. DA Davidson raised their price target on BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Loop Capital reissued a "hold" rating and issued a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. UBS Group reissued a "buy" rating and issued a $135.00 price target (up from $129.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Argus raised BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. raised their price target on 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 given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Stock Down 0.5%

Shares of NYSE:BJ traded down $0.56 during mid-day trading on Wednesday, hitting $111.24. 1,477,643 shares of the company traded hands, compared to its average volume of 1,665,230. The firm has a market cap of $14.65 billion, a P/E ratio of 26.74, a PEG ratio of 4.50 and a beta of 0.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The firm's 50 day simple moving average is $115.12 and its 200 day simple moving average is $104.99.

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. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same period last year, the business posted $0.85 EPS. The company's revenue was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert Allan Steele sold 11,813 shares of BJ's Wholesale Club stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 280,400 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the transaction, the chief executive officer now owns 422,033 shares of the company's stock, valued at approximately $48,242,592.23. The trade was a 39.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 346,405 shares of company stock worth $39,457,128 in the last three months. 1.40% of the stock is owned by insiders.

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.