BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership cut its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,644,495 shares of the company’s stock after selling 26,315 shares during the period. Artisan Partners Limited Partnership’s holdings in BJ’s Wholesale Club were worth $109,622,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BJ. Charles Schwab Investment Management Inc. raised its position in BJ’s Wholesale Club by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,783 shares of the company’s stock worth $54,180,000 after acquiring an additional 20,820 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $892,000. Russell Investments Group Ltd. raised its position in shares of BJ’s Wholesale Club by 46.0% during the 4th quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock worth $3,603,000 after purchasing an additional 17,024 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in BJ’s Wholesale Club in the 4th quarter valued at approximately $5,745,000. Finally, AGF Management Ltd. acquired a new stake in BJ’s Wholesale Club during the 4th quarter valued at $2,883,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.8 %

Shares of NYSE BJ traded down $0.70 during trading on Tuesday, hitting $87.44. 606,330 shares of the company traded hands, compared to its average volume of 1,488,639. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $88.35. The company has a 50-day moving average price of $77.18 and a 200-day moving average price of $71.01. The firm has a market capitalization of $11.61 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.82 and a beta of 0.27. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the previous year, the company earned $0.85 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.89 EPS for the current year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Christopher J. Baldwin sold 73,062 shares of the company’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 completion of the sale, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. Insiders sold 98,640 shares of company stock valued at $7,394,087 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research report on Tuesday. 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. DA Davidson raised their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI lifted their target price on shares of BJ’s Wholesale Club from $80.00 to $86.00 and gave the stock an “in-line” rating in a research note on Friday. Finally, Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $81.88.

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.