BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Primecap Management Co. CA

Key Points

• Primecap Management Co. CA reduced its stake in BJ's Wholesale Club by 1.6%, now owning 836,270 shares valued at approximately $95.4 million.
• CEO Robert W. Eddy and EVP Paul Cichocki sold significant amounts of stock, with Eddy selling 17,900 shares for over $1.9 million, indicating a 4.63% decrease in their ownership.
• BJ's Wholesale Club reported a 4.8% year-over-year revenue increase at $5.15 billion, surpassing earnings estimates, with a forecast of 3.96 EPS for the current fiscal year.

Primecap Management Co. CA trimmed its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 836,270 shares of the company's stock after selling 13,210 shares during the quarter. Primecap Management Co. CA owned approximately 0.64% of BJ's Wholesale Club worth $95,418,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BJ. Wealth Enhancement Advisory Services LLC lifted its stake in shares of BJ's Wholesale Club by 92.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock worth $2,448,000 after buying an additional 10,326 shares during the period. Contravisory Investment Management Inc. acquired a new stake in shares of BJ's Wholesale Club during the first quarter worth $9,805,000. iSAM Funds UK Ltd acquired a new stake in shares of BJ's Wholesale Club during the fourth quarter worth $843,000. FORA Capital LLC acquired a new stake in shares of BJ's Wholesale Club during the fourth quarter worth $936,000. Finally, Colonial River Investments LLC acquired a new stake in shares of BJ's Wholesale Club during the first quarter worth $308,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction dated 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 owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the sale, the executive vice president directly owned 114,127 shares of the company's stock, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,061 shares of company stock valued at $15,027,745. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BJ shares. Morgan Stanley lifted their price objective on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. DA Davidson upped their price target on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Roth Capital reaffirmed a "neutral" rating and issued a $106.00 price target (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. UBS Group reaffirmed a "buy" rating and issued a $135.00 price target (up from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, Citigroup upped their price target on shares of BJ's Wholesale Club from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $111.00.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock traded down $0.36 during trading hours on Friday, reaching $108.19. The stock had a trading volume of 1,500,782 shares, compared to its average volume of 1,537,188. The firm has a market capitalization of $14.29 billion, a PE ratio of 25.16, a PEG ratio of 3.00 and a beta of 0.43. The stock's 50 day moving average is $108.32 and its 200 day moving average is $109.60. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. Equities analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

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.