Quantedge Capital Pte Ltd Sells 27,300 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Quantedge Capital Pte Ltd decreased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 87.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,900 shares of the company's stock after selling 27,300 shares during the quarter. Quantedge Capital Pte Ltd's holdings in BJ's Wholesale Club were worth $348,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its holdings in BJ's Wholesale Club by 23.6% in the 4th quarter. Quantinno Capital Management LP now owns 29,550 shares of the company's stock valued at $2,640,000 after acquiring an additional 5,650 shares in the last quarter. Man Group plc raised its holdings in shares of BJ's Wholesale Club by 57.8% in the 4th quarter. Man Group plc now owns 515,418 shares of the company's stock worth $46,053,000 after buying an additional 188,826 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of BJ's Wholesale Club in the 4th quarter worth approximately $1,572,000. Janus Henderson Group PLC raised its holdings in shares of BJ's Wholesale Club by 33.6% in the 4th quarter. Janus Henderson Group PLC now owns 143,773 shares of the company's stock worth $12,843,000 after buying an additional 36,121 shares in the last quarter. Finally, Ellevest Inc. acquired a new position in shares of BJ's Wholesale Club in the 4th quarter worth approximately $232,000. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

NYSE:BJ opened at $108.24 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock's 50-day simple moving average is $113.93 and its 200 day simple moving average is $102.22. The company has a market cap of $14.25 billion, a P/E ratio of 26.02, a P/E/G ratio of 4.50 and a beta of 0.59. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. As a group, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Joseph Mcgrail sold 2,100 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the sale, the senior vice president now owns 14,240 shares in the company, valued at $1,705,097.60. The trade was a 12.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William C. Werner sold 14,192 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 26,113 shares of the company's stock, valued at approximately $3,071,933.32. This represents a 35.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 328,505 shares of company stock worth $37,452,686. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BJ shares. Morgan Stanley increased their target price on BJ's Wholesale Club from $98.00 to $115.00 and gave the stock an "equal weight" rating in a report on Friday, March 7th. Loop Capital increased their target price on BJ's Wholesale Club from $95.00 to $110.00 and gave the stock a "hold" rating in a report on Friday, March 7th. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Evercore ISI decreased their price target on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Finally, DA Davidson increased their price target on BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $112.12.

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.

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