Walter Public Investments Inc. Sells 73,068 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Walter Public Investments Inc. cut its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 21.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 266,490 shares of the company’s stock after selling 73,068 shares during the quarter. BJ’s Wholesale Club accounts for 4.3% of Walter Public Investments Inc.’s portfolio, making the stock its 5th largest position. Walter Public Investments Inc.’s holdings in BJ’s Wholesale Club were worth $23,408,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in shares of BJ’s Wholesale Club by 14.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 659,175 shares of the company’s stock worth $57,902,000 after acquiring an additional 84,551 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of BJ’s Wholesale Club by 6.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 40,792 shares of the company’s stock worth $3,583,000 after acquiring an additional 2,491 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth $128,000. American Century Companies Inc. grew its holdings in shares of BJ’s Wholesale Club by 94.3% in the 2nd quarter. American Century Companies Inc. now owns 165,948 shares of the company’s stock worth $14,577,000 after acquiring an additional 80,547 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of BJ’s Wholesale Club by 6.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 124,768 shares of the company’s stock worth $10,960,000 after acquiring an additional 8,034 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Graham Luce sold 16,596 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares in the company, valued at approximately $1,288,040.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,438 shares of company stock worth $6,980,938. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore ISI upped their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Roth Mkm upped their price target 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. Barclays upped their price target on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. DA Davidson upped their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, UBS Group upped their price target on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $86.07.

BJ’s Wholesale Club Stock Performance

BJ opened at $81.47 on Monday. The company has a market cap of $10.80 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.90 and a beta of 0.24. The stock has a 50-day moving average of $85.05 and a 200-day moving average of $81.80. 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 debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76.

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. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

BJ’s Wholesale Club Company 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.