BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC significantly reduced its stake in BJ's Wholesale Club by 92.7%, holding just 2,149 shares valued at $245,000 at the end of the first quarter.
• Analysts have upgraded BJ's Wholesale Club with a consensus rating of "Moderate Buy" and an average price target of $111.00, reflecting optimism for the stock.
• Insider trading has seen significant activity, with EVP Paul Cichocki and CEO Robert W. Eddy selling large portions of their holdings recently, indicating potential shifting dynamics within company leadership.

Integrated Investment Consultants LLC lowered its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 92.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,149 shares of the company's stock after selling 27,318 shares during the quarter. Integrated Investment Consultants LLC's holdings in BJ's Wholesale Club were worth $245,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BJ. Commonwealth Equity Services LLC grew its stake in BJ's Wholesale Club by 94.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 15,955 shares of the company's stock worth $1,426,000 after acquiring an additional 7,752 shares in the last quarter. American Century Companies Inc. grew its stake in BJ's Wholesale Club by 66.2% in the 4th quarter. American Century Companies Inc. now owns 377,036 shares of the company's stock worth $33,688,000 after acquiring an additional 150,205 shares in the last quarter. LPL Financial LLC grew its stake in BJ's Wholesale Club by 35.5% in the 4th quarter. LPL Financial LLC now owns 126,093 shares of the company's stock worth $11,266,000 after acquiring an additional 33,026 shares in the last quarter. JPMorgan Chase & Co. grew its stake in BJ's Wholesale Club by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock worth $229,808,000 after acquiring an additional 73,322 shares in the last quarter. Finally, Norges Bank bought a new position in shares of BJ's Wholesale Club during the fourth quarter valued at approximately $135,344,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. DA Davidson raised their target price on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. 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 report on Friday, May 23rd. Wall Street Zen upgraded BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Argus upgraded BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. Finally, Evercore ISI reduced 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. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and an average target price of $111.00.

BJ's Wholesale Club Trading Down 0.3%

Shares of NYSE BJ traded down $0.31 during midday trading on Wednesday, reaching $104.73. 482,035 shares of the stock were exchanged, compared to its average volume of 1,814,350. The company has a market capitalization of $13.83 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.87 and a beta of 0.45. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week 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 stock has a 50 day moving average price of $109.47 and a 200-day moving average price of $108.99.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the firm earned $0.85 earnings per share. BJ's Wholesale Club's revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Cichocki sold 43,825 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $106.65, for a total transaction of $4,673,936.25. Following the sale, the executive vice president owned 172,563 shares of the company's stock, valued at approximately $18,403,843.95. This represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,625 shares of company stock worth $8,595,110 over the last ninety days. 1.40% of the stock is owned by company insiders.

About BJ's Wholesale Club

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.