GSA Capital Partners LLP Sells 7,613 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

GSA Capital Partners LLP cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 33.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,033 shares of the company’s stock after selling 7,613 shares during the quarter. GSA Capital Partners LLP’s holdings in BJ’s Wholesale Club were worth $1,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Fifth Third Bancorp raised its holdings in BJ’s Wholesale Club by 9.3% during the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after acquiring an additional 124 shares during the period. CWM LLC raised its holdings in BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after acquiring an additional 128 shares during the period. OLD National Bancorp IN raised its holdings in BJ’s Wholesale Club by 2.5% during the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after acquiring an additional 133 shares during the period. Riverwater Partners LLC raised its holdings in BJ’s Wholesale Club by 1.1% during the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after acquiring an additional 135 shares during the period. Finally, Assetmark Inc. grew its position in shares of BJ’s Wholesale Club by 5.6% during the third quarter. Assetmark Inc. now owns 2,582 shares of the company’s stock valued at $213,000 after purchasing an additional 137 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BJ. Melius Research began coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Roth Mkm raised their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Bank of America cut their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Wells Fargo & Company raised their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.87.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $87.01 on Friday. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 3.25 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $84.59 and a 200 day moving average of $84.76.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,000 shares of company stock valued at $2,818,390. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club 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.