Grove Bank & Trust Sells 500 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Grove Bank & Trust trimmed its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 50.0% during the 4th quarter, Holdings Channel reports. The firm owned 500 shares of the company’s stock after selling 500 shares during the quarter. Grove Bank & Trust’s holdings in BJ’s Wholesale Club were worth $45,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. J2 Capital Management Inc purchased a new stake in BJ’s Wholesale Club in the fourth quarter worth approximately $419,000. HB Wealth Management LLC purchased a new stake in BJ’s Wholesale Club in the fourth quarter worth approximately $221,000. Merit Financial Group LLC purchased a new stake in BJ’s Wholesale Club in the fourth quarter worth approximately $272,000. Gateway Investment Advisers LLC boosted its stake in BJ’s Wholesale Club by 0.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock worth $1,353,000 after buying an additional 111 shares in the last quarter. Finally, Cox Capital Mgt LLC boosted its stake in BJ’s Wholesale Club by 2.9% in the fourth quarter. Cox Capital Mgt LLC now owns 16,117 shares of the company’s stock worth $1,440,000 after buying an additional 461 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the 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 completion of the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $95.01 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a market cap of $12.55 billion, a PE ratio of 22.84, a P/E/G ratio of 4.54 and a beta of 0.32. The business has a 50 day moving average of $93.48 and a 200 day moving average of $88.07. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen upped their target price on 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. Wells Fargo & Company upped their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Citigroup increased their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Roth Mkm increased their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Finally, Melius Research initiated coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average price target of $94.00.

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.