Sterling Capital Management LLC decreased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 10.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 63,063 shares of the company’s stock after selling 7,277 shares during the period. Sterling Capital Management LLC’s holdings in BJ’s Wholesale Club were worth $6,207,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Grey Ledge Advisors LLC bought a new position in BJ’s Wholesale Club in the 1st quarter valued at $250,000. OLD National Bancorp IN increased its stake in BJ’s Wholesale Club by 18.7% in the first quarter. OLD National Bancorp IN now owns 3,963 shares of the company’s stock worth $390,000 after purchasing an additional 625 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of BJ’s Wholesale Club during the first quarter worth $3,730,000. Kestra Private Wealth Services LLC lifted its position in shares of BJ’s Wholesale Club by 4.1% during the first quarter. Kestra Private Wealth Services LLC now owns 4,982 shares of the company’s stock worth $490,000 after purchasing an additional 196 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of BJ’s Wholesale Club by 356.7% during the first quarter. Blue Trust Inc. now owns 3,256 shares of the company’s stock valued at $320,000 after purchasing an additional 2,543 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
BJ’s Wholesale Club Price Performance
BJ opened at $88.64 on Friday. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 3.31 and a beta of 0.23. The company has a current ratio of 0.73, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.21 and a 12-month high of $115.43. The business’s fifty day simple moving average is $90.84 and its 200-day simple moving average is $93.83.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on BJ. William Blair restated a “mixed” rating on shares of BJ’s Wholesale Club in a report on Thursday, March 5th. Evercore reiterated a “positive” rating on shares of BJ’s Wholesale Club in a report on Thursday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. UBS Group restated a “buy” rating and issued a $109.00 target price on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Finally, Citigroup reduced their target price on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $105.27.
Check Out Our Latest Research Report on BJ
Insider Buying and Selling at BJ’s Wholesale Club
In other news, SVP Joseph Mcgrail sold 2,050 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total value of $186,939.50. Following the completion of the sale, the senior vice president owned 14,769 shares of the company’s stock, valued at approximately $1,346,785.11. This represents a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total transaction of $728,160.00. Following the transaction, the chief executive officer owned 306,330 shares in the company, valued at approximately $27,882,156.60. This represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 26,550 shares of company stock valued at $2,435,904. Company insiders own 1.10% of the company’s stock.
BJ’s Wholesale Club Profile
BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.
Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.
Featured Articles
- Five stocks we like better than BJ’s Wholesale Club
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report).
Receive News & Ratings for BJ's Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.
