BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Holdings Trimmed by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. reduced its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 193,830 shares of the company's stock after selling 14,610 shares during the quarter. Valley Wealth Managers Inc. owned 0.15% of BJ's Wholesale Club worth $12,921,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its stake in shares of BJ's Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company's stock worth $48,000 after acquiring an additional 411 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in BJ's Wholesale Club by 23.9% in the third quarter. First Horizon Advisors Inc. now owns 824 shares of the company's stock valued at $59,000 after purchasing an additional 159 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of BJ's Wholesale Club in the fourth quarter valued at $78,000. GAMMA Investing LLC purchased a new position in BJ's Wholesale Club during the 4th quarter valued at about $88,000. Finally, Headlands Technologies LLC acquired a new position in BJ's Wholesale Club during the third quarter worth about $89,000. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Trading Up 0.4 %

Shares of BJ traded up $0.34 during mid-day trading on Friday, reaching $78.08. The company had a trading volume of 1,104,627 shares, compared to its average volume of 1,709,677. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 3.38 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 firm has a fifty day simple moving average of $75.64 and a 200-day simple moving average of $70.05. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $80.42.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted 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 firm had revenue of $5.36 billion during 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%. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. On average, sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at BJ's Wholesale Club

In related 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 completion of the sale, the director now directly owns 173,294 shares in the company, valued at approximately $12,815,091.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the sale, the senior vice president now owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher J. Baldwin sold 73,062 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction 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 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 over the last ninety days. Corporate insiders own 2.20% of the company's stock.

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.