Easterly Investment Partners LLC Sells 11,537 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Easterly Investment Partners LLC cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 76,352 shares of the company’s stock after selling 11,537 shares during the quarter. Easterly Investment Partners LLC’s holdings in BJ’s Wholesale Club were worth $6,298,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Financial Strategies Group Inc. boosted its position in BJ’s Wholesale Club by 25.4% during the 3rd quarter. Financial Strategies Group Inc. now owns 5,651 shares of the company’s stock worth $482,000 after buying an additional 1,145 shares during the period. Lifestyle Asset Management Inc. boosted its position in BJ’s Wholesale Club by 2.6% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 13,221 shares of the company’s stock worth $1,090,000 after buying an additional 339 shares during the period. Portside Wealth Group LLC boosted its position in BJ’s Wholesale Club by 14.4% during the 3rd quarter. Portside Wealth Group LLC now owns 3,248 shares of the company’s stock worth $268,000 after buying an additional 410 shares during the period. Olympiad Research LP acquired a new stake in BJ’s Wholesale Club during the 3rd quarter worth approximately $322,000. Finally, Impax Asset Management Group plc boosted its position in BJ’s Wholesale Club by 50.0% during the 3rd quarter. Impax Asset Management Group plc now owns 134,955 shares of the company’s stock worth $11,131,000 after buying an additional 45,000 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club 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 completion of the sale, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,000 shares of company stock worth $2,818,390. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Trading Up 0.7 %

Shares of NYSE:BJ traded up $0.60 during mid-day trading on Friday, hitting $89.93. The company had a trading volume of 113,727 shares, compared to its average volume of 1,468,885. The firm has a fifty day moving average price of $83.62 and a 200 day moving average price of $84.30. The company has a market capitalization of $11.92 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 3.22 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion during 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%. BJ’s Wholesale Club’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BJ shares. Loop Capital boosted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Melius Research started coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Roth Mkm boosted their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.33.

About BJ’s Wholesale Club

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.