BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. decreased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 37.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,664 shares of the company's stock after selling 36,749 shares during the period. Reinhart Partners LLC.'s holdings in BJ's Wholesale Club were worth $6,922,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BJ. Norges Bank acquired a new position in BJ's Wholesale Club during the 4th quarter worth about $135,344,000. Alliancebernstein L.P. grew its position in shares of BJ's Wholesale Club by 658.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock worth $136,100,000 after buying an additional 1,322,425 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of BJ's Wholesale Club during the fourth quarter worth about $85,550,000. GAMMA Investing LLC grew its position in shares of BJ's Wholesale Club by 17,333.9% during the first quarter. GAMMA Investing LLC now owns 689,164 shares of the company's stock worth $78,634,000 after buying an additional 685,211 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of BJ's Wholesale Club by 3,526.9% during the fourth quarter. Deutsche Bank AG now owns 595,571 shares of the company's stock worth $53,214,000 after buying an additional 579,150 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

Shares of BJ stock traded up $2.01 during midday trading on Friday, hitting $111.07. The company had a trading volume of 1,800,447 shares, compared to its average volume of 1,669,232. The company's 50 day simple moving average is $114.93 and its 200 day simple moving average is $105.36. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 4.50 and a beta of 0.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same period last year, the business posted $0.85 EPS. The company's revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, Director Steven L. Ortega purchased 1,740 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the completion of the purchase, the director now directly owns 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of BJ's Wholesale Club stock in a transaction that occurred on 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 sale, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 346,405 shares of company stock worth $39,457,128. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BJ shares. Citigroup raised 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 report on Thursday, April 3rd. Wall Street Zen raised BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Argus raised BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. DA Davidson boosted their price objective on BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, UBS Group reissued a "buy" rating and set a $135.00 target price (up previously from $129.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.12.

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.