Primecap Management Co. CA Sells 13,400 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Primecap Management Co. CA reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 849,480 shares of the company’s stock after selling 13,400 shares during the quarter. Primecap Management Co. CA owned about 0.64% of BJ’s Wholesale Club worth $75,901,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Neo Ivy Capital Management bought a new stake in shares of BJ’s Wholesale Club during the 3rd quarter valued at approximately $828,000. Sanctuary Advisors LLC grew its holdings in shares of BJ’s Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after purchasing an additional 21,957 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at approximately $307,000. Wealthfront Advisers LLC grew its holdings in shares of BJ’s Wholesale Club by 1,462.2% during the 4th quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company’s stock valued at $4,843,000 after purchasing an additional 50,738 shares during the last quarter. Finally, Oak Harvest Investment Services bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at approximately $670,000. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Down 1.4 %

BJ’s Wholesale Club stock opened at $110.62 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $71.81 and a 12-month high of $118.40. The firm’s fifty day moving average is $102.32 and its 200 day moving average is $93.12. The company has a market capitalization of $14.61 billion, a PE ratio of 26.59, a PEG ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. As a group, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on BJ. TD Cowen lifted their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays boosted their target price on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Robert W. Baird boosted their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Roth Mkm boosted their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.71.

BJ’s Wholesale Club 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.