Summit Global Investments Reduces Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Summit Global Investments trimmed its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 55.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,973 shares of the company's stock after selling 13,669 shares during the period. Summit Global Investments' holdings in BJ's Wholesale Club were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Horizon Advisors Inc. raised its stake in BJ's Wholesale Club by 23.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 824 shares of the company's stock valued at $59,000 after acquiring an additional 159 shares during the period. Portside Wealth Group LLC grew its position in shares of BJ's Wholesale Club by 3.7% during the 4th quarter. Portside Wealth Group LLC now owns 6,805 shares of the company's stock valued at $454,000 after purchasing an additional 241 shares in the last quarter. Tectonic Advisors LLC grew its position in BJ's Wholesale Club by 7.9% during the fourth quarter. Tectonic Advisors LLC now owns 3,544 shares of the company's stock worth $236,000 after buying an additional 260 shares in the last quarter. Dfpg Investments LLC increased its position in shares of BJ's Wholesale Club by 6.0% in the fourth quarter. Dfpg Investments LLC now owns 4,904 shares of the company's stock worth $322,000 after purchasing an additional 278 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. increased its holdings in shares of BJ's Wholesale Club by 0.8% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 37,643 shares of the company's stock worth $2,509,000 after buying an additional 285 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ's Wholesale Club Stock Down 1.7 %

BJ's Wholesale Club stock traded down $1.26 on Friday, hitting $73.98. 1,261,856 shares of the stock traded hands, compared to its average volume of 1,804,149. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $80.42. The firm has a market cap of $9.84 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 3.20 and a beta of 0.27. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The business's fifty day simple moving average is $75.18 and its 200 day simple moving average is $69.80.

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, beating analysts' consensus estimates of $1.06 by $0.05. The company had revenue of $5.36 billion during the quarter, compared to analysts' expectations of $5.38 billion. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. BJ's Wholesale Club's revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. As a group, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at BJ's Wholesale Club

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BJ shares. JPMorgan Chase & Co. raised their price objective on BJ's Wholesale Club from $58.00 to $62.00 and gave the company an "underweight" rating in a report on Friday, March 1st. Evercore ISI decreased 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. Loop Capital restated a "hold" rating and issued a $80.00 target price (down previously from $85.00) on shares of BJ's Wholesale Club in a report on Thursday, April 18th. Gordon Haskett lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their price target for the stock from $81.00 to $87.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, BJ's Wholesale Club presently has an average rating of "Hold" and a consensus target price of $74.40.

BJ's Wholesale Club Company 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.