BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Position Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 288,908 shares of the company's stock after selling 17,109 shares during the period. Retirement Systems of Alabama owned approximately 0.22% of BJ's Wholesale Club worth $32,964,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BJ. Covestor Ltd grew its position in shares of BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after buying an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in 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 in the last quarter. State of Wyoming acquired a new position in shares of BJ's Wholesale Club in the fourth quarter worth $69,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of BJ's Wholesale Club by 9,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock valued at $70,000 after acquiring an additional 776 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ's Wholesale Club Trading Down 0.5%

NYSE BJ traded down $0.62 during mid-day trading on Tuesday, hitting $114.19. The company's stock had a trading volume of 1,369,055 shares, compared to its average volume of 1,666,298. The firm has a market capitalization of $15.08 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The stock's fifty day simple moving average is $113.71 and its two-hundred day simple moving average is $106.61.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter last year, the firm posted $0.85 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on BJ. Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Barclays boosted their price objective on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Loop Capital restated 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 report on Friday, May 23rd. Morgan Stanley boosted their price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Finally, Robert W. Baird increased their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $111.98, for a total transaction of $2,004,442.00. Following the completion of the sale, the chief executive officer now directly owns 386,233 shares in the company, valued at $43,250,371.34. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven L. Ortega purchased 1,740 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $114.60 per share, with a total value of $199,404.00. Following the acquisition, the director now directly owns 8,641 shares of the company's stock, valued at $990,258.60. The trade was a 25.21% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 314,592 shares of company stock valued at $35,977,967. Corporate insiders own 1.40% of the company's stock.

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.