Mutual of America Capital Management LLC Sells 51,964 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Mutual of America Capital Management LLC reduced its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 38.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,654 shares of the company’s stock after selling 51,964 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of BJ’s Wholesale Club worth $5,510,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BJ. FMR LLC grew its stake in shares of BJ’s Wholesale Club by 39.7% during the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock valued at $1,142,898,000 after buying an additional 4,548,963 shares during the last quarter. BlackRock Inc. grew its stake in shares of BJ’s Wholesale Club by 1.2% during the first quarter. BlackRock Inc. now owns 12,142,318 shares of the company’s stock valued at $923,666,000 after buying an additional 139,425 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of BJ’s Wholesale Club by 22.2% during the third quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock valued at $324,460,000 after buying an additional 826,591 shares during the last quarter. State Street Corp grew its stake in shares of BJ’s Wholesale Club by 3.4% during the first quarter. State Street Corp now owns 4,445,807 shares of the company’s stock valued at $300,581,000 after buying an additional 147,014 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of BJ’s Wholesale Club by 10.3% during the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after buying an additional 369,317 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BJ has been the topic of a number of analyst reports. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their target price for the company from $81.00 to $87.00 in a research note on Monday, April 8th. JPMorgan Chase & Co. boosted their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. Evercore ISI lowered their price target on BJ’s Wholesale Club from $84.00 to $80.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Finally, Gordon Haskett lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.53.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $77.02 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $80.42. The stock has a fifty day moving average price of $73.05 and a 200-day moving average price of $69.27. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The firm has a market cap of $10.24 billion, a PE ratio of 19.90, a P/E/G ratio of 3.39 and a beta of 0.26.

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

Insider Activity at BJ’s Wholesale Club

In related news, EVP Monica Schwartz sold 13,578 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the transaction, the executive vice president now directly owns 13,545 shares of the company’s stock, valued at approximately $1,067,481.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Monica Schwartz sold 13,578 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the transaction, the executive vice president now directly owns 13,545 shares of the company’s stock, valued at approximately $1,067,481.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares in the company, valued at $12,815,091.30. The disclosure for this sale can be found here. Insiders have sold a total of 97,840 shares of company stock valued at $7,331,235 in the last ninety days. Company insiders own 2.20% of the company’s stock.

About BJ’s Wholesale Club

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.