Truist Financial Corp Lowers Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Truist Financial Corp decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 229,053 shares of the company’s stock after selling 10,964 shares during the quarter. Truist Financial Corp owned approximately 0.17% of BJ’s Wholesale Club worth $15,269,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in BJ’s Wholesale Club by 39.7% in the 3rd quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after purchasing an additional 4,548,963 shares in the last quarter. Victory Capital Management Inc. lifted its stake in BJ’s Wholesale Club by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock worth $324,460,000 after purchasing an additional 826,591 shares in the last quarter. Morgan Stanley lifted its stake in BJ’s Wholesale Club by 10.3% in the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock worth $281,229,000 after purchasing an additional 369,317 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of BJ’s Wholesale Club by 5.9% in the 3rd quarter. River Road Asset Management LLC now owns 3,883,231 shares of the company’s stock worth $277,146,000 after buying an additional 217,747 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of BJ’s Wholesale Club by 38.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after buying an additional 467,575 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $74.67 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The company has a market capitalization of $9.93 billion, a P/E ratio of 19.29, a P/E/G ratio of 3.32 and a beta of 0.26. The company’s 50-day simple moving average is $74.77 and its two-hundred day simple moving average is $69.64. BJ’s Wholesale Club Holdings, Inc. has a one year low of $60.33 and a one year high of $80.42.

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

Insiders Place Their Bets

In related news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the sale, the director now owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BJ’s Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now owns 173,294 shares in the company, valued at approximately $12,815,091.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monica Schwartz sold 13,578 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the transaction, the executive vice president now owns 13,545 shares in the company, valued at approximately $1,067,481.45. The disclosure for this sale can be found here. Insiders have sold 98,840 shares of company stock worth $7,408,605 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BJ. JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $81.00 to $87.00 in a report on Monday, April 8th. Loop Capital restated a “hold” rating and issued a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Wells Fargo & Company restated an “equal weight” rating and issued a $70.00 target price (down from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. Finally, Evercore ISI reduced their target price 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.40.

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.