HighPoint Advisor Group LLC Sells 347 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

HighPoint Advisor Group LLC decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,052 shares of the company’s stock after selling 347 shares during the quarter. HighPoint Advisor Group LLC’s holdings in BJ’s Wholesale Club were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BJ. Clearbridge Investments LLC lifted its stake in shares of BJ’s Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock valued at $208,218,000 after acquiring an additional 245,731 shares during the period. Neo Ivy Capital Management acquired a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $828,000. Sanctuary Advisors LLC boosted its stake in shares of BJ’s Wholesale Club by 129.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after purchasing an additional 21,957 shares during the last quarter. Intech Investment Management LLC grew its position in shares of BJ’s Wholesale Club by 278.6% during the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock worth $4,822,000 after buying an additional 39,713 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth approximately $307,000. 98.60% of the stock is currently owned by institutional investors.

Insider Activity at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the transaction, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. The trade was a 38.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares of the company’s stock, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of analyst reports. Loop Capital lifted their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, March 7th. The Goldman Sachs Group boosted their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. DA Davidson lifted their price objective on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Evercore ISI lowered their target price on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Tuesday. Finally, UBS Group lifted their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $109.94.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $115.04 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $71.81 and a 12 month high of $118.40. The company’s fifty day simple moving average is $106.08 and its 200-day simple moving average is $95.54. The firm has a market cap of $15.15 billion, a PE ratio of 27.65, a P/E/G ratio of 4.50 and a beta of 0.54. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.