BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Stake Lessened by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC decreased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,112 shares of the company's stock after selling 2,380 shares during the quarter. Legacy Wealth Asset Management LLC's holdings in BJ's Wholesale Club were worth $355,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd grew its holdings 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 buying an additional 115 shares during the last quarter. Tortoise Investment Management LLC grew its holdings 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 buying an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings 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 buying an additional 457 shares during the last quarter. State of Wyoming purchased a new position in shares of BJ's Wholesale Club during the fourth quarter worth about $69,000. Finally, TD Waterhouse Canada Inc. grew its holdings 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 buying an additional 776 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Down 2.1%

Shares of BJ's Wholesale Club stock traded down $2.35 during trading on Thursday, reaching $108.93. The company had a trading volume of 1,991,812 shares, compared to its average volume of 1,668,612. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59. The firm's fifty day moving average is $115.00 and its 200-day moving average is $105.19. 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 fifty-two week low of $76.33 and a fifty-two week high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued 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. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. On average, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BJ. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price objective (up previously from $110.00) 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. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Evercore ISI reduced their price target on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and an average price target of $116.12.

Insider Activity

In other BJ's Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William C. Werner sold 14,192 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the transaction, the executive vice president now owns 26,113 shares of the company's stock, valued at approximately $3,071,933.32. This trade represents a 35.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 346,405 shares of company stock worth $39,457,128. 1.40% of the stock is currently owned by corporate insiders.

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.