abrdn plc Decreases Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

abrdn plc trimmed its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,143 shares of the company's stock after selling 80,844 shares during the period. abrdn plc owned 0.30% of BJ's Wholesale Club worth $27,007,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Global Retirement Partners LLC increased its position in BJ's Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company's stock valued at $34,000 after buying an additional 153 shares in the last quarter. Huntington National Bank increased its position in BJ's Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company's stock valued at $48,000 after buying an additional 411 shares in the last quarter. First Horizon Advisors Inc. increased its position in BJ's Wholesale Club by 23.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 824 shares of the company's stock valued at $59,000 after buying an additional 159 shares in the last quarter. Anchor Investment Management LLC acquired a new position in BJ's Wholesale Club during the 4th quarter valued at about $78,000. Finally, Headlands Technologies LLC acquired a new position in BJ's Wholesale Club during the 3rd quarter valued at about $89,000. 98.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other BJ's Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now owns 173,294 shares in the company, valued at $12,815,091.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares of the company's stock, valued at $998,459.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the transaction, the director now directly owns 173,294 shares of the company's stock, valued at approximately $12,815,091.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,840 shares of company stock worth $7,408,605. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on BJ. Wells Fargo & Company reiterated an "equal weight" rating and set a $70.00 price target (down previously from $73.00) on shares of BJ's Wholesale Club in a research note on Thursday, January 4th. Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a research note on Wednesday, February 7th. The Goldman Sachs Group upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their price target for the company from $81.00 to $87.00 in a research note on Monday, April 8th. Evercore ISI dropped their price target on BJ's Wholesale Club from $79.00 to $78.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 16th. Finally, Loop Capital reiterated a "hold" rating and set a $80.00 price target (down previously from $85.00) on shares of BJ's Wholesale Club in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $74.40.

BJ's Wholesale Club Price Performance

BJ stock traded up $0.87 during mid-day trading on Tuesday, reaching $74.89. 1,669,229 shares of the company's stock were exchanged, compared to its average volume of 1,464,714. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 3.19 and a beta of 0.26. The stock's 50 day moving average is $74.03 and its 200 day moving average is $69.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $60.33 and a 12-month high of $80.42.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.38 billion. BJ's Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. BJ's Wholesale Club's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

BJ's Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.