Envestnet Portfolio Solutions Inc. Trims Stock Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Envestnet Portfolio Solutions Inc. decreased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 29.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,126 shares of the company's stock after selling 5,877 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in BJ's Wholesale Club were worth $1,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd lifted its holdings 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 purchasing an additional 115 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after purchasing an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after buying an additional 457 shares in the last quarter. State of Wyoming acquired a new stake in BJ's Wholesale Club during the 4th quarter valued at $69,000. Finally, TD Waterhouse Canada Inc. increased its position in BJ's Wholesale Club by 9,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock worth $70,000 after buying an additional 776 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

Insider Transactions at BJ's Wholesale Club

In other news, 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 now directly owns 14,240 shares of the company's stock, valued at approximately $1,705,097.60. The trade was a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 280,400 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the sale, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 314,592 shares of company stock valued at $35,977,967 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

BJ's Wholesale Club Trading Up 0.8%

NYSE:BJ traded up $0.91 on Friday, hitting $114.40. 2,322,880 shares of the stock were exchanged, compared to its average volume of 1,670,319. The stock has a fifty day moving average of $113.47 and a 200-day moving average of $106.83. The stock has a market cap of $15.11 billion, a PE ratio of 26.60, a PEG ratio of 3.34 and a beta of 0.47. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. 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 posted its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The company's revenue was up 4.8% on a year-over-year basis. As a group, equities analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BJ. Wells Fargo & Company restated an "overweight" rating and issued a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Evercore ISI cut their target price on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Wall Street Zen upgraded shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Argus upgraded shares of BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Finally, Robert W. Baird boosted their price objective on shares of 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.12.

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.