Exchange Traded Concepts LLC Reduces Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Exchange Traded Concepts LLC cut its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 27.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,048 shares of the company's stock after selling 2,692 shares during the quarter. 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 also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of BJ's Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Tortoise Investment Management LLC lifted its position 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 worth $47,000 after purchasing an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position 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 worth $47,000 after purchasing an additional 457 shares during the last quarter. State of Wyoming bought a new stake in shares of BJ's Wholesale Club during the fourth quarter worth $69,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of 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 purchasing an additional 776 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BJ has been the subject of several research analyst reports. UBS Group reiterated a "buy" rating and set a $135.00 target price (up from $129.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $115.00 to $130.00 in a report on Thursday, April 3rd. The Goldman Sachs Group lifted their price objective on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a report on Monday, March 10th. Finally, Evercore ISI decreased their price objective on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 2,100 shares of the company's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $111.98, for a total transaction of $2,004,442.00. Following the transaction, the chief executive officer now owns 386,233 shares in the company, valued at approximately $43,250,371.34. This trade represents a 4.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 314,592 shares of company stock worth $35,977,967. 1.40% of the stock is owned by corporate insiders.

BJ's Wholesale Club Stock Up 1.8%

BJ's Wholesale Club stock traded up $1.95 during trading hours on Friday, reaching $110.23. The stock had a trading volume of 1,630,782 shares, compared to its average volume of 1,666,814. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 25.63, 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. The business's 50 day moving average price is $113.81 and its 200-day moving average price is $106.40. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10.

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, topping analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The firm's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

BJ's Wholesale Club Company 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.