Yarbrough Capital LLC Trims Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Yarbrough Capital LLC trimmed its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 47.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 5,431 shares of the company's stock after selling 4,808 shares during the period. Yarbrough Capital LLC's holdings in BJ's Wholesale Club were worth $620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearbridge Investments LLC raised its holdings in shares of BJ's Wholesale Club by 11.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock valued at $208,218,000 after buying an additional 245,731 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in BJ's Wholesale Club during the first quarter worth about $9,805,000. Intech Investment Management LLC raised its holdings in BJ's Wholesale Club by 278.6% during the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock worth $4,822,000 after purchasing an additional 39,713 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in BJ's Wholesale Club by 151.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock worth $1,768,000 after purchasing an additional 11,928 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in BJ's Wholesale Club during the fourth quarter worth about $307,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP William C. Werner sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. This represents a 38.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the sale, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 346,405 shares of company stock worth $39,457,128 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on BJ shares. DA Davidson increased their price target on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" 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 increased their price target for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. Wells Fargo & Company reissued an "overweight" rating and set a $127.00 price target (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. JPMorgan Chase & Co. increased their price target on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $116.12.

BJ's Wholesale Club Trading Up 1.8%

Shares of BJ's Wholesale Club stock opened at $111.07 on Friday. The company has a 50-day moving average of $114.93 and a two-hundred day moving average of $105.50. The stock has a market cap of $14.67 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 4.50 and a beta of 0.47. 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 current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

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, beating the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. On average, research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

BJ's Wholesale Club 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.

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