BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 54.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,575 shares of the company's stock after selling 159,043 shares during the quarter. The Manufacturers Life Insurance Company owned 0.10% of BJ's Wholesale Club worth $12,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BJ. Covestor Ltd boosted its position in BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after buying an additional 115 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after purchasing an additional 457 shares during the last quarter. Tortoise Investment Management LLC grew its stake in BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after purchasing an additional 233 shares in the last quarter. UMB Bank n.a. increased its holdings in BJ's Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after purchasing an additional 253 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in BJ's Wholesale Club during the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BJ. Evercore ISI decreased their price target on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. DA Davidson raised their price objective on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Barclays upped their target price on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Wells Fargo & Company reiterated an "overweight" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Finally, Argus upgraded BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $112.12.

Insider Activity at BJ's Wholesale Club

In related news, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the transaction, the senior vice president now owns 14,240 shares in the company, valued at $1,705,097.60. This trade represents a 12.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Eddy sold 280,400 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the sale, the chief executive officer now owns 422,033 shares of the company's stock, valued at $48,242,592.23. This trade represents a 39.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 328,505 shares of company stock worth $37,452,686 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Stock Performance

BJ's Wholesale Club stock traded up $0.02 during midday trading on Friday, reaching $114.75. 1,120,749 shares of the stock traded hands, compared to its average volume of 1,648,876. The firm has a fifty day moving average price of $113.94 and a two-hundred day moving average price of $101.84. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The firm has a market cap of $15.11 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 4.50 and a beta of 0.59. 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 issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion during 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%. On average, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

BJ's Wholesale Club Company 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.