Picton Mahoney Asset Management Has $2.80 Million Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Picton Mahoney Asset Management reduced its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 51.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,830 shares of the company’s stock after selling 33,860 shares during the quarter. Picton Mahoney Asset Management’s holdings in BJ’s Wholesale Club were worth $2,798,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $5,745,000. Russell Investments Group Ltd. boosted its stake in BJ’s Wholesale Club by 46.0% during the fourth quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock worth $3,603,000 after buying an additional 17,024 shares in the last quarter. New York Life Investment Management LLC increased its holdings in BJ’s Wholesale Club by 6.5% in the 4th quarter. New York Life Investment Management LLC now owns 15,140 shares of the company’s stock valued at $1,009,000 after buying an additional 928 shares during the period. First Horizon Advisors Inc. raised its stake in shares of BJ’s Wholesale Club by 36.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock valued at $75,000 after buying an additional 302 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in shares of BJ’s Wholesale Club by 7.4% during the 4th quarter. Summit Trail Advisors LLC now owns 9,920 shares of the company’s stock worth $661,000 after acquiring an additional 687 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred 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 sale, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the transaction, the chief executive officer now directly owns 467,792 shares in the company, valued at approximately $40,651,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The disclosure for this sale can be found here. In the last three months, insiders sold 68,438 shares of company stock valued at $6,107,538. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club Price Performance

Shares of BJ stock traded up $0.68 during trading hours on Friday, reaching $79.96. 1,841,746 shares of the company were exchanged, compared to its average volume of 1,825,957. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.95 and a beta of 0.23. The stock’s fifty day moving average is $86.74 and its two-hundred day moving average is $81.10. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same period last year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BJ has been the topic of a number of analyst reports. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, May 23rd. Roth Mkm increased their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Loop Capital boosted their price target on 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. Barclays upped their price target on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. raised 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 report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.07.

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.