Factory Mutual Insurance Co. trimmed its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,237 shares of the company's stock after selling 62,000 shares during the period. Factory Mutual Insurance Co. owned 0.24% of BJ's Wholesale Club worth $36,767,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew 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 worth $1,787,000 after buying an additional 105 shares during the period. Covestor Ltd increased its stake 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 valued at $26,000 after purchasing an additional 115 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of BJ's Wholesale Club by 2.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company's stock valued at $675,000 after purchasing an additional 119 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of BJ's Wholesale Club by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company's stock worth $629,000 after purchasing an additional 131 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of BJ's Wholesale Club by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock worth $267,000 after buying an additional 132 shares during the last quarter. Institutional investors own 98.60% of the company's stock.
Insider Buying and Selling at BJ's Wholesale Club
In related news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the transaction, the chief executive officer now directly owns 386,233 shares of the company's stock, valued at approximately $43,250,371.34. This trade represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Ortega purchased 1,740 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $114.60 per share, with a total value of $199,404.00. Following the acquisition, the director now owns 8,641 shares in the company, valued at $990,258.60. The trade was a 25.21% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 314,592 shares of company stock valued at $35,977,967 in the last three months. 1.40% of the stock is currently owned by corporate insiders.
BJ's Wholesale Club Price Performance
BJ's Wholesale Club stock traded down $1.26 during mid-day trading on Wednesday, hitting $108.24. The stock had a trading volume of 1,131,836 shares, compared to its average volume of 1,873,971. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $14.29 billion, a P/E ratio of 25.17, a P/E/G ratio of 3.20 and a beta of 0.47. The firm's 50 day moving average is $114.23 and its 200 day moving average is $106.13.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, sell-side analysts forecast 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 research firms have commented on BJ. Roth Capital reissued a "neutral" rating and issued a $106.00 target price (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Barclays raised their price objective on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Evercore ISI decreased 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 report on Tuesday, April 1st. Finally, Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their price target for the company from $115.00 to $130.00 in a research report on Thursday, April 3rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and an average price target of $116.12.
Get Our Latest Stock Analysis on BJ's Wholesale Club
BJ's Wholesale Club 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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