Rheos Capital Works Inc. Cuts Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Rheos Capital Works Inc. decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 43.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 129,000 shares of the company’s stock after selling 100,000 shares during the period. Rheos Capital Works Inc. owned approximately 0.10% of BJ’s Wholesale Club worth $10,640,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BJ. Blue Trust Inc. purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at approximately $25,000. Davis Capital Management purchased a new stake in shares of BJ’s Wholesale Club during the third quarter valued at approximately $25,000. Rise Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club during the first quarter valued at approximately $26,000. UMB Bank n.a. raised its stake in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the period. Finally, J.Safra Asset Management Corp purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. 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 the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeff Desroches sold 28,842 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,842 shares of company stock valued at $5,433,562 over the last 90 days. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Loop Capital lifted their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Roth Mkm lifted their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Bank of America dropped their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.31.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $86.17 on Thursday. The company has a market cap of $11.44 billion, a PE ratio of 22.38, a P/E/G ratio of 3.27 and a beta of 0.25. The company has a fifty day moving average price of $82.90 and a two-hundred day moving average price of $83.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

About BJ’s Wholesale Club

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.