GPS Wealth Strategies Group LLC Sells 3,263 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

GPS Wealth Strategies Group LLC trimmed its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 34.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,328 shares of the company's stock after selling 3,263 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in BJ's Wholesale Club were worth $722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in BJ's Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock worth $470,775,000 after buying an additional 504,958 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in BJ's Wholesale Club by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company's stock worth $387,009,000 after buying an additional 43,106 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in BJ's Wholesale Club by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock worth $229,808,000 after buying an additional 73,322 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in BJ's Wholesale Club by 4.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company's stock worth $222,205,000 after buying an additional 99,311 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in BJ's Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after buying an additional 245,731 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BJ's Wholesale Club news, Director Steven L. Ortega purchased 1,740 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director now owns 8,641 shares in the company, valued at approximately $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert W. Eddy sold 17,900 shares of the 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 sale, 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. Insiders have sold 334,592 shares of company stock valued at $38,186,167 in the last 90 days. 1.40% of the stock is currently owned by insiders.

BJ's Wholesale Club Stock Up 0.8%

NYSE BJ traded up $0.93 during trading on Friday, hitting $110.59. The stock had a trading volume of 1,445,530 shares, compared to its average volume of 1,669,116. The company has a market capitalization of $14.60 billion, a PE ratio of 26.58, a P/E/G ratio of 4.50 and a beta of 0.47. The company's 50-day moving average price is $114.37 and its two-hundred day moving average price is $105.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.23. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BJ shares. UBS Group restated a "buy" rating and set a $135.00 target price (up previously from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Robert W. Baird lifted their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Morgan Stanley lifted their price objective on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Finally, Roth Capital reiterated 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 research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

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.