Retirement Systems of Alabama Cuts Stock Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Retirement Systems of Alabama reduced its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BJ. Blue Trust Inc. increased its holdings in BJ's Wholesale Club by 124.5% in the 1st quarter. Blue Trust Inc. now owns 1,367 shares of the company's stock valued at $156,000 after purchasing an additional 758 shares during the last quarter. Silver Oak Securities Incorporated boosted its position in shares of BJ's Wholesale Club by 11.9% during the first quarter. Silver Oak Securities Incorporated now owns 7,118 shares of the company's stock worth $797,000 after buying an additional 755 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of BJ's Wholesale Club in the first quarter valued at $232,000. Roman Butler Fullerton & Co. acquired a new stake in shares of BJ's Wholesale Club in the first quarter valued at $208,000. Finally, QRG Capital Management Inc. raised its holdings in shares of BJ's Wholesale Club by 8.3% in the 1st quarter. QRG Capital Management Inc. now owns 4,688 shares of the company's stock valued at $535,000 after buying an additional 359 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BJ's Wholesale Club

In related news, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the transaction, the senior vice president now owns 14,240 shares in the company, valued at $1,705,097.60. This trade represents a 12.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William C. Werner sold 14,192 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total value of $1,669,546.88. Following the completion of the sale, the executive vice president now owns 26,113 shares of the company's stock, valued at approximately $3,071,933.32. This represents a 35.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 314,592 shares of company stock valued at $35,977,967 over the last ninety days. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a report on Monday, March 10th. Roth Capital reissued a "neutral" rating and issued a $106.00 price objective (up previously from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. Morgan Stanley lifted their price objective on shares of 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. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their target price for the stock from $115.00 to $130.00 in a research note on Thursday, April 3rd. Finally, Robert W. Baird raised their price target on shares of 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. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Stock Up 1.8%

BJ traded up $1.95 on Friday, reaching $110.23. The company's stock had a trading volume of 1,630,782 shares, compared to its average volume of 1,666,814. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 3.24 and a beta of 0.47. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $113.81 and a two-hundred day moving average of $106.40.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate 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 revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS 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.