BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,988 shares of the company's stock after selling 2,979 shares during the period. Rhumbline Advisers owned about 0.27% of BJ's Wholesale Club worth $40,618,000 at the end of the most recent quarter.

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

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP William C. Werner sold 20,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the transaction, the executive vice president now directly owns 31,308 shares of the company's stock, valued at approximately $3,456,716.28. This trade represents a 38.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the business'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 value of $251,454.00. Following the sale, the senior vice president now directly owns 14,240 shares in the company, valued at $1,705,097.60. This trade represents a 12.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 346,405 shares of company stock worth $39,457,128 in the last three months. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Roth Capital restated a "neutral" rating and set a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price target for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. JPMorgan Chase & Co. increased their price objective on BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Barclays increased their price objective on BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, UBS Group reiterated a "buy" rating and issued a $135.00 price objective (up previously from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Stock Performance

BJ traded down $2.35 on Thursday, hitting $108.93. 1,991,812 shares of the company traded hands, compared to its average volume of 1,669,118. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10. The company has a 50 day moving average of $115.11 and a 200-day moving average of $105.03. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $14.34 billion, a PE ratio of 26.18, a PEG ratio of 4.50 and a beta of 0.59.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping 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 business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company's quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

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.