OLD National Bancorp IN Trims Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

OLD National Bancorp IN reduced its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,084 shares of the company's stock after selling 2,543 shares during the quarter. OLD National Bancorp IN's holdings in BJ's Wholesale Club were worth $352,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Entropy Technologies LP acquired a new position in shares of BJ's Wholesale Club in the fourth quarter worth about $1,015,000. Stephens Inc. AR purchased a new position in shares of BJ's Wholesale Club in the 4th quarter valued at about $203,000. Opal Wealth Advisors LLC acquired a new position in BJ's Wholesale Club in the 4th quarter worth about $206,000. Summit Trail Advisors LLC boosted its position in BJ's Wholesale Club by 2.2% during the fourth quarter. Summit Trail Advisors LLC now owns 11,444 shares of the company's stock worth $1,023,000 after purchasing an additional 248 shares in the last quarter. Finally, JSF Financial LLC boosted its position in BJ's Wholesale Club by 4.6% during the fourth quarter. JSF Financial LLC now owns 11,216 shares of the company's stock worth $1,002,000 after purchasing an additional 490 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BJ has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Evercore ISI decreased their price objective on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Morgan Stanley lifted their target price on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Argus upgraded shares of BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. Finally, Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $115.00 to $130.00 in a research note on Thursday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Trading Up 0.8%

Shares of BJ traded up $0.93 during trading on Friday, reaching $110.59. 1,445,404 shares of the company traded hands, compared to its average volume of 1,664,346. The stock has a market cap of $14.60 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 4.50 and a beta of 0.47. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The stock has a 50-day simple moving average of $114.40 and a 200-day simple moving average of $105.80.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The company 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 business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Buying and Selling

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the sale, the senior vice president now owns 14,240 shares of the company's stock, valued at approximately $1,705,097.60. This trade represents a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William C. Werner sold 20,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares of the company's stock, valued at approximately $3,456,716.28. This trade represents a 38.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 334,592 shares of company stock valued at $38,186,167 in the last three months. 1.40% of the stock is owned by corporate 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.