South Dakota Investment Council Sells 7,787 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

South Dakota Investment Council decreased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,433 shares of the company's stock after selling 7,787 shares during the quarter. South Dakota Investment Council owned about 0.05% of BJ's Wholesale Club worth $7,808,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in BJ's Wholesale Club by 199.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after buying an additional 1,989,980 shares in the last quarter. Bessemer Group Inc. boosted its stake in BJ's Wholesale Club by 65.9% in the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after acquiring an additional 1,662,415 shares during the last quarter. Norges Bank bought a new position in shares of BJ's Wholesale Club in the 4th quarter worth $135,344,000. Alliancebernstein L.P. boosted its position in shares of BJ's Wholesale Club by 658.6% in 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 last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in BJ's Wholesale Club by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock worth $368,393,000 after buying an additional 741,782 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

Insider Activity

In other BJ's Wholesale Club 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 value of $1,916,732.00. Following the completion of the sale, the chief executive officer directly 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 can be accessed through this hyperlink. Also, Director Steven L. Ortega acquired 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 completion of the purchase, the director owned 8,641 shares in the company, valued at approximately $990,258.60. This represents a 25.21% increase in their position. The disclosure for this purchase can be found here. Insiders sold 79,625 shares of company stock worth $8,595,110 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BJ shares. DA Davidson increased their price objective on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating and set a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Morgan Stanley raised their price objective on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. boosted their target price on BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $116.12.

BJ's Wholesale Club Stock Up 0.5%

NYSE BJ traded up $0.53 on Tuesday, hitting $105.25. 526,469 shares of the stock were exchanged, compared to its average volume of 1,684,902. 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 company has a 50-day moving average price of $110.71 and a 200-day moving average price of $108.50. The company has a market cap of $13.90 billion, a PE ratio of 24.47, a PEG ratio of 2.89 and a beta of 0.45. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10.

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. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The company's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. Sell-side analysts anticipate 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.