Grove Bank & Trust Has $45,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Grove Bank & Trust lowered its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 500 shares of the company’s stock after selling 500 shares during the quarter. Grove Bank & Trust’s holdings in BJ’s Wholesale Club were worth $45,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BJ. J2 Capital Management Inc purchased a new position in BJ’s Wholesale Club during the 4th quarter worth $419,000. HB Wealth Management LLC purchased a new position in BJ’s Wholesale Club during the 4th quarter worth $221,000. Merit Financial Group LLC purchased a new position in BJ’s Wholesale Club during the 4th quarter worth $272,000. Gateway Investment Advisers LLC boosted its holdings in BJ’s Wholesale Club by 0.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock worth $1,353,000 after acquiring an additional 111 shares during the last quarter. Finally, Cox Capital Mgt LLC boosted its holdings in BJ’s Wholesale Club by 2.9% during the 4th quarter. Cox Capital Mgt LLC now owns 16,117 shares of the company’s stock worth $1,440,000 after acquiring an additional 461 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Up 0.6 %

Shares of BJ opened at $95.01 on Tuesday. The business’s 50-day moving average price is $93.48 and its 200-day moving average price is $88.07. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $64.06 and a twelve month high of $100.74. The stock has a market cap of $12.55 billion, a PE ratio of 22.84, a P/E/G ratio of 4.54 and a beta of 0.32. 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 announced its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on BJ. Jefferies Financial Group lifted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Melius Research began coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Roth Mkm boosted their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Wells Fargo & Company boosted their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, UBS Group boosted their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.00.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.