BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,556 shares of the company’s stock after selling 671 shares during the period. Summit Investment Advisors Inc.’s holdings in BJ’s Wholesale Club were worth $2,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BJ. Covestor Ltd increased its position in BJ’s Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after buying an additional 115 shares during the period. Tortoise Investment Management LLC grew its position in shares of BJ’s Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after acquiring an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of BJ’s Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after acquiring an additional 457 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in BJ’s Wholesale Club in the 3rd quarter valued at $55,000. Finally, UMB Bank n.a. boosted its stake in BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after purchasing an additional 253 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Up 2.3 %

BJ’s Wholesale Club stock opened at $120.01 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $121.00. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The stock’s fifty day moving average is $109.21 and its two-hundred day moving average is $97.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Citigroup raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price objective for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. DA Davidson lifted their target price on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays upped their price target on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Finally, Morgan Stanley boosted their price objective on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.82.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the firm’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 sale, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at $3,456,716.28. This trade represents a 38.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 280,400 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the transaction, the chief executive officer now directly owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 326,405 shares of company stock valued at $37,201,232 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.