BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC trimmed its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 81.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,201 shares of the company’s stock after selling 9,662 shares during the quarter. Milestone Asset Management LLC’s holdings in BJ’s Wholesale Club were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fifth Third Wealth Advisors LLC raised its position in shares of BJ’s Wholesale Club by 2.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company’s stock worth $675,000 after purchasing an additional 119 shares during the period. Parallel Advisors LLC increased its position in BJ’s Wholesale Club by 10.0% in the 1st quarter. Parallel Advisors LLC now owns 1,645 shares of the company’s stock valued at $188,000 after acquiring an additional 149 shares during the period. GAMMA Investing LLC increased its position in BJ’s Wholesale Club by 17,333.9% in the 1st quarter. GAMMA Investing LLC now owns 689,164 shares of the company’s stock valued at $78,634,000 after acquiring an additional 685,211 shares during the period. Boston Common Asset Management LLC acquired a new stake in BJ’s Wholesale Club in the 1st quarter valued at approximately $2,047,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in BJ’s Wholesale Club by 25.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 865 shares of the company’s stock valued at $99,000 after acquiring an additional 174 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

BJ opened at $111.63 on Tuesday. The firm has a market cap of $14.70 billion, a PE ratio of 26.83, a P/E/G ratio of 4.50 and a beta of 0.59. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $115.14 and a 200-day simple moving average of $104.94. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP William C. Werner sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This trade represents a 38.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 328,505 shares of company stock valued at $37,452,686 over the last quarter. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore ISI lowered their target price on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. UBS Group restated a “buy” rating and issued a $135.00 target price (up from $129.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Loop Capital restated a “hold” rating and issued a $120.00 target price (up from $110.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Finally, Barclays raised their target price on BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.12.

BJ’s Wholesale Club Company 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.