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BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by SG Americas Securities LLC

BJ's Wholesale Club logo with Consumer Discretionary background

SG Americas Securities LLC decreased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 5.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,865 shares of the company's stock after selling 2,652 shares during the quarter. SG Americas Securities LLC's holdings in BJ's Wholesale Club were worth $5,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stephens Inc. AR acquired a new position in shares of BJ's Wholesale Club during the fourth quarter worth $203,000. Morris Financial Concepts Inc. acquired a new position in BJ's Wholesale Club in the 4th quarter worth $204,000. Congress Asset Management Co. lifted its holdings in BJ's Wholesale Club by 18.3% in the 4th quarter. Congress Asset Management Co. now owns 218,957 shares of the company's stock worth $19,564,000 after buying an additional 33,886 shares in the last quarter. Principal Securities Inc. lifted its holdings in BJ's Wholesale Club by 27.6% in the 4th quarter. Principal Securities Inc. now owns 4,210 shares of the company's stock worth $376,000 after buying an additional 910 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of BJ's Wholesale Club by 2.0% in the fourth quarter. Valmark Advisers Inc. now owns 34,645 shares of the company's stock worth $3,096,000 after acquiring an additional 692 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

Insider Buying and Selling at BJ's Wholesale Club

In related news, EVP William C. Werner sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. This trade represents a 38.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction that occurred 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 now owns 14,240 shares in the company, valued at $1,705,097.60. This represents a 12.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 334,592 shares of company stock worth $38,186,167. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BJ. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $115.00 to $130.00 in a research note on Thursday, April 3rd. Robert W. Baird upped their target price on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. DA Davidson upped their price target on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, May 23rd. UBS Group reaffirmed a "buy" rating and issued a $135.00 price target (up from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, The Goldman Sachs Group upped their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a report on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, BJ's Wholesale Club presently has an average rating of "Moderate Buy" and a consensus price target of $116.12.

Read Our Latest Report on BJ

BJ's Wholesale Club Stock Performance

Shares of BJ's Wholesale Club stock traded down $1.71 on Monday, reaching $108.91. 1,251,568 shares of the company were exchanged, compared to its average volume of 1,667,446. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The company's 50-day moving average is $114.30 and its two-hundred day moving average is $106.11. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 4.50 and a beta of 0.47. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $76.33 and a 1-year high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued 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 return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the company earned $0.85 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ's Wholesale Club Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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