Whittier Trust Co. Decreases Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Whittier Trust Co. reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 39.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,477 shares of the company’s stock after selling 2,244 shares during the period. Whittier Trust Co.’s holdings in BJ’s Wholesale Club were worth $287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of BJ’s Wholesale Club by 158.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after purchasing an additional 2,571,709 shares during the last quarter. Bessemer Group Inc. lifted its stake in BJ’s Wholesale Club by 1.8% in the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after buying an additional 56,442 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of BJ’s Wholesale Club by 17.2% in the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after acquiring an additional 237,902 shares during the period. Dimensional Fund Advisors LP grew its position in shares of BJ’s Wholesale Club by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after acquiring an additional 163,526 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in BJ’s Wholesale Club by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,126,743 shares of the company’s stock worth $98,973,000 after purchasing an additional 42,413 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $85.58 on Thursday. The business has a 50 day moving average price of $83.10 and a 200 day moving average price of $83.57. The company has a market capitalization of $11.36 billion, a P/E ratio of 22.23, a PEG ratio of 3.27 and a beta of 0.25. 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 debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Roth Mkm upped their price objective 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. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Finally, Loop Capital lifted their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company’s stock, 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. Over the last quarter, insiders sold 34,000 shares of company stock worth $2,841,820. Insiders own 2.00% of the company’s stock.

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.