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

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

Several other hedge funds and other institutional investors have also made changes to their positions in BJ. CIBC Asset Management Inc boosted its holdings in shares of BJ's Wholesale Club by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 4,123 shares of the company's stock valued at $368,000 after acquiring an additional 217 shares in the last quarter. Navellier & Associates Inc. purchased a new stake in BJ's Wholesale Club during the fourth quarter worth about $223,000. Union Bancaire Privee UBP SA purchased a new stake in BJ's Wholesale Club during the fourth quarter worth about $2,049,000. Y Intercept Hong Kong Ltd boosted its holdings in BJ's Wholesale Club by 33.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 8,371 shares of the company's stock worth $748,000 after buying an additional 2,092 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in BJ's Wholesale Club during the fourth quarter worth about $307,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 0.5%

Shares of NYSE:BJ traded down $0.62 during trading on Tuesday, reaching $114.19. The stock had a trading volume of 1,369,055 shares, compared to its average volume of 1,668,204. The business has a fifty day moving average price of $113.61 and a 200-day moving average price of $106.66. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. The stock has a market cap of $15.08 billion, a P/E ratio of 26.56, a PEG ratio of 3.37 and a beta of 0.47. 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 quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates 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 was up 4.8% on a year-over-year basis. During the same quarter in the previous 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 Activity

In related news, CEO Robert W. Eddy sold 280,400 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the sale, the chief executive officer now directly owns 422,033 shares in the company, valued at approximately $48,242,592.23. The trade was a 39.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the business'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 completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 314,592 shares of company stock valued at $35,977,967 over the last 90 days. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on BJ shares. Cowen reissued a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. Morgan Stanley boosted their price objective on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Finally, Roth Capital reissued a "neutral" rating and set a $106.00 price objective (up previously from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company 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.