State of Alaska Department of Revenue Trims Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

State of Alaska Department of Revenue trimmed its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 44.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,478 shares of the company's stock after selling 12,292 shares during the period. State of Alaska Department of Revenue's holdings in BJ's Wholesale Club were worth $1,766,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BJ. Covestor Ltd grew its stake in BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after acquiring an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after acquiring an additional 457 shares in the last quarter. State of Wyoming purchased a new position in BJ's Wholesale Club in the fourth quarter worth $69,000. Finally, TD Waterhouse Canada Inc. increased its stake in 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 during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on BJ. The Goldman Sachs Group lifted their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Evercore ISI lowered their price target on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their price objective for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. Finally, Morgan Stanley lifted their price objective on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average price target of $116.12.

Insider Buying and Selling at BJ's Wholesale Club

In related news, EVP William C. Werner sold 14,192 shares of BJ's Wholesale Club stock in a transaction on Thursday, April 3rd. The stock was 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 $3,071,933.32. The trade was a 35.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 314,592 shares of company stock worth $35,977,967. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Stock Down 0.3%

BJ stock traded down $0.31 during midday trading on Wednesday, hitting $113.78. The company's stock had a trading volume of 1,111,932 shares, compared to its average volume of 1,665,529. The firm's 50-day moving average is $113.57 and its 200-day moving average is $106.71. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. 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 market cap of $15.02 billion, a PE ratio of 26.46, a P/E/G ratio of 3.35 and a beta of 0.47.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The company's quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal 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.