Daiwa Securities Group Inc. Has $691,000 Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Daiwa Securities Group Inc. reduced its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,370 shares of the company’s stock after selling 500 shares during the period. Daiwa Securities Group Inc.’s holdings in BJ’s Wholesale Club were worth $691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in shares of BJ’s Wholesale Club by 45.3% in the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after buying an additional 153 shares during the last quarter. Huntington National Bank grew its position in shares of BJ’s Wholesale Club by 159.9% in the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock valued at $48,000 after acquiring an additional 411 shares during the period. First Horizon Advisors Inc. increased its stake in shares of BJ’s Wholesale Club by 23.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock worth $59,000 after purchasing an additional 159 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter worth about $78,000. Finally, Headlands Technologies LLC bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $89,000. 98.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BJ shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $70.00 price objective (down from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. JPMorgan Chase & Co. lifted their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Evercore ISI decreased their price objective on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Wednesday, February 7th. Finally, Loop Capital reiterated a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.40.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $76.37 on Friday. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.24 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $80.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The stock has a fifty day moving average price of $74.48 and a 200-day moving average price of $69.56.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. BJ’s Wholesale Club’s revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the sale, the chief executive officer now directly owns 500,792 shares in the company, valued at $38,410,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,840 shares of company stock worth $7,408,605. Corporate insiders own 2.20% of the company’s stock.

BJ’s Wholesale Club 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.