Oak Ridge Investments LLC Trims Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Oak Ridge Investments LLC lessened its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,016 shares of the company’s stock after selling 5,904 shares during the quarter. Oak Ridge Investments LLC’s holdings in BJ’s Wholesale Club were worth $3,486,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC lifted its position in BJ’s Wholesale Club by 0.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock valued at $1,353,000 after purchasing an additional 111 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of BJ’s Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after buying an additional 123 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of BJ’s Wholesale Club by 2.5% during the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock worth $449,000 after acquiring an additional 133 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in BJ’s Wholesale Club by 5.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock worth $224,000 after acquiring an additional 133 shares in the last quarter. Finally, Assetmark Inc. increased its stake in BJ’s Wholesale Club by 5.6% in the third quarter. Assetmark Inc. now owns 2,582 shares of the company’s stock valued at $213,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BJ shares. Wells Fargo & Company upped their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Roth Mkm increased their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. UBS Group boosted their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Citigroup increased their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, TD Cowen boosted their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average price target of $94.00.

BJ’s Wholesale Club Price Performance

BJ opened at $95.01 on Friday. The stock’s 50 day moving average price is $93.38 and its 200-day moving average price is $88.00. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $64.06 and a 52-week high of $100.74. The stock has a market capitalization of $12.55 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 4.54 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.89 by $0.29. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. On average, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by company insiders.

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.