Rheos Capital Works Inc. Has $10.16 Million Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Rheos Capital Works Inc. cut its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 31.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,000 shares of the company’s stock after selling 40,000 shares during the quarter. Rheos Capital Works Inc. owned approximately 0.07% of BJ’s Wholesale Club worth $10,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BJ. Clearbridge Investments LLC grew its stake in shares of BJ’s Wholesale Club by 11.8% in the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock worth $208,218,000 after acquiring an additional 245,731 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in BJ’s Wholesale Club during the 1st quarter valued at $9,805,000. Intech Investment Management LLC boosted its position in shares of BJ’s Wholesale Club by 278.6% in the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock valued at $4,822,000 after acquiring an additional 39,713 shares during the period. Dynamic Technology Lab Private Ltd grew its position in BJ’s Wholesale Club by 151.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company’s stock worth $1,768,000 after buying an additional 11,928 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of BJ’s Wholesale Club in the fourth quarter worth approximately $307,000. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the sale, the senior vice president now directly owns 14,240 shares in the company, valued at $1,705,097.60. This trade represents a 12.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 346,405 shares of company stock valued at $39,457,128 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Trading Up 1.8%

Shares of NYSE BJ opened at $111.07 on Monday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The firm has a market cap of $14.67 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 4.50 and a beta of 0.47. The business has a fifty day simple moving average of $114.93 and a two-hundred day simple moving average of $105.59. 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 (NYSE:BJ) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.91 by $0.23. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BJ. Robert W. Baird boosted their price objective on shares of BJ’s Wholesale Club from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. DA Davidson raised their price objective on BJ’s Wholesale Club from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Barclays boosted their price objective 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. Morgan Stanley lifted their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. Finally, Roth Capital restated a “neutral” rating and set a $106.00 price target (up from $101.00) on shares of BJ’s Wholesale Club in a research note on Wednesday, May 28th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.12.

BJ’s Wholesale Club Company 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.