BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Holdings Decreased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,423 shares of the company's stock after selling 3,878 shares during the period. Oppenheimer Asset Management Inc.'s holdings in BJ's Wholesale Club were worth $3,357,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BJ. Covestor Ltd lifted its holdings in shares of BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of BJ's Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after purchasing an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after purchasing an additional 457 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of BJ's Wholesale Club by 1,515.6% in the 1st quarter. Continuum Advisory LLC now owns 517 shares of the company's stock worth $59,000 after purchasing an additional 485 shares during the last quarter. Finally, State of Wyoming bought a new stake in BJ's Wholesale Club during the 4th quarter valued at $69,000. Institutional investors own 98.60% of the company's stock.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total value of $2,004,442.00. Following the transaction, the chief executive officer now directly owns 386,233 shares in the company, valued at $43,250,371.34. The trade was a 4.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William C. Werner sold 14,192 shares of BJ's Wholesale Club stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total value of $1,669,546.88. Following the completion of the transaction, the executive vice president now owns 26,113 shares in the company, valued at $3,071,933.32. The trade was a 35.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 314,592 shares of company stock worth $35,977,967 in the last three months. 1.40% of the stock is currently owned by insiders.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded up $0.91 during mid-day trading on Friday, hitting $114.40. 2,322,880 shares of the stock traded hands, compared to its average volume of 1,668,125. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The firm has a market cap of $15.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.35 and a beta of 0.47. The company's 50-day simple moving average is $113.39 and its 200-day simple moving average is $106.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77.

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, beating the consensus estimate of $0.91 by $0.23. The company had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. As a group, equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Morgan Stanley lifted their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Loop Capital reaffirmed a "hold" rating and set a $120.00 target price (up previously from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Wall Street Zen raised BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, JPMorgan Chase & Co. lifted their target price on BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $116.12.

BJ's Wholesale Club 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.