AMI Asset Management Corp Sells 20,466 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

AMI Asset Management Corp lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 76.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,209 shares of the company’s stock after selling 20,466 shares during the quarter. AMI Asset Management Corp’s holdings in BJ’s Wholesale Club were worth $545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC raised its position in BJ’s Wholesale Club by 9.2% during the second quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock worth $172,000 after acquiring an additional 165 shares in the last quarter. &PARTNERS bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at about $583,000. Lecap Asset Management Ltd. acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $1,267,000. Fifth Third Wealth Advisors LLC acquired a new position in BJ’s Wholesale Club during the second quarter worth approximately $408,000. Finally, Fifth Third Bancorp lifted its position in shares of BJ’s Wholesale Club by 9.3% in the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after buying an additional 124 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jeff Desroches sold 14,106 shares of BJ’s Wholesale Club stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the transaction, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. Insiders have sold a total of 81,544 shares of company stock valued at $7,237,084 over the last 90 days. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Price Performance

BJ stock traded up $1.11 during trading on Friday, reaching $82.77. 1,862,876 shares of the company were exchanged, compared to its average volume of 1,515,218. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 3.12 and a beta of 0.23. The company has a 50-day moving average of $87.52 and a two-hundred day moving average of $80.49.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the company posted $0.97 EPS. BJ’s Wholesale Club’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on BJ shares. UBS Group upped their price objective on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a report on Friday, May 24th. Barclays increased their price target on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Evercore ISI boosted their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Loop Capital increased their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Finally, Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.93.

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.