BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 27.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,048 shares of the company's stock after selling 2,692 shares during the period. Exchange Traded Concepts LLC's holdings in BJ's Wholesale Club were worth $804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of BJ's Wholesale Club by 0.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock valued at $1,787,000 after purchasing an additional 105 shares during the period. Covestor Ltd lifted its stake in 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 during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of BJ's Wholesale Club by 2.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company's stock valued at $675,000 after acquiring an additional 119 shares during the period. Captrust Financial Advisors grew its position in shares of BJ's Wholesale Club by 1.9% during the fourth quarter. Captrust Financial Advisors now owns 7,044 shares of the company's stock worth $629,000 after acquiring an additional 131 shares during the last quarter. Finally, Cornerstone Investment Partners LLC increased its holdings in shares of BJ's Wholesale Club by 2.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company's stock valued at $470,000 after acquiring an additional 132 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BJ has been the topic of several research reports. Barclays raised their price objective on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Evercore ISI lowered their price target on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. upped their price objective on BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Morgan Stanley lifted their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Finally, DA Davidson upped 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. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.12.

Insider Buying and Selling

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 280,400 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 422,033 shares in the company, valued at approximately $48,242,592.23. This represents a 39.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 314,592 shares of company stock worth $35,977,967 in the last ninety days. Insiders own 1.40% of the company's stock.

BJ's Wholesale Club Price Performance

BJ's Wholesale Club stock traded down $0.62 during trading hours on Tuesday, hitting $114.19. The stock had a trading volume of 1,369,055 shares, compared to its average volume of 1,666,298. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 3.24 and a beta of 0.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $76.33 and a 1-year high of $121.10. The stock's fifty day moving average is $113.71 and its two-hundred day moving average is $106.61.

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 for the quarter, beating the consensus estimate 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 period last year, the firm posted $0.85 EPS. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

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.