BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 44,920 shares of the company’s stock after selling 1,265 shares during the period. Oak Ridge Investments LLC’s holdings in BJ’s Wholesale Club were worth $3,705,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. State of Michigan Retirement System lifted its holdings in BJ’s Wholesale Club by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 32,715 shares of the company’s stock worth $2,475,000 after buying an additional 600 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of BJ’s Wholesale Club by 11.9% during the first quarter. Commonwealth Equity Services LLC now owns 10,547 shares of the company’s stock worth $798,000 after purchasing an additional 1,121 shares during the period. Norden Group LLC lifted its position in shares of BJ’s Wholesale Club by 20.5% in the 1st quarter. Norden Group LLC now owns 15,342 shares of the company’s stock worth $1,161,000 after buying an additional 2,610 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of BJ’s Wholesale Club in the 1st quarter valued at about $514,000. Finally, BNP Paribas Financial Markets grew its position in shares of BJ’s Wholesale Club by 231.3% during the 1st quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock valued at $16,829,000 after buying an additional 155,316 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $1,878,220 in the last three months. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BJ. Bank of America cut their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Loop Capital upped their price objective 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. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Melius Research started coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Finally, Roth Mkm lifted their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus price target of $86.31.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $84.73 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 3.15 and a beta of 0.25. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $83.05 and its 200-day simple moving average is $83.84.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. 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.

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.