River Global Investors LLP Sells 5,160 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

River Global Investors LLP trimmed its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 30.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,810 shares of the company’s stock after selling 5,160 shares during the quarter. River Global Investors LLP’s holdings in BJ’s Wholesale Club were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BJ. FMR LLC grew its stake in shares of BJ’s Wholesale Club by 39.7% during the 3rd quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after acquiring an additional 4,548,963 shares during the period. Victory Capital Management Inc. boosted its position in BJ’s Wholesale Club by 22.2% during the third quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock worth $324,460,000 after purchasing an additional 826,591 shares during the period. Ameriprise Financial Inc. increased its stake in shares of BJ’s Wholesale Club by 38.3% in the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after purchasing an additional 467,575 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of BJ’s Wholesale Club in the third quarter valued at approximately $29,768,000. Finally, Morgan Stanley lifted its stake in shares of BJ’s Wholesale Club by 10.3% during the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after buying an additional 369,317 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ traded down $1.26 during trading on Friday, reaching $73.98. The company had a trading volume of 1,261,856 shares, compared to its average volume of 1,804,149. The company has a fifty day moving average of $75.18 and a two-hundred day moving average of $69.80. The stock has a market capitalization of $9.84 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 3.20 and a beta of 0.27. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $80.42. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the transaction, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders have sold 98,840 shares of company stock valued at $7,408,605 in the last quarter. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BJ. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Wednesday, February 7th. Evercore ISI dropped their price target on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Loop Capital restated a “hold” rating and set a $80.00 price target (down from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price target for the company from $81.00 to $87.00 in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.40.

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.