Great Lakes Advisors LLC Sells 49,716 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Great Lakes Advisors LLC lessened its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 44.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,937 shares of the company’s stock after selling 49,716 shares during the quarter. Great Lakes Advisors LLC’s holdings in BJ’s Wholesale Club were worth $3,903,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of BJ’s Wholesale Club in the 1st quarter valued at $25,000. Parkside Financial Bank & Trust increased its holdings in shares of BJ’s Wholesale Club by 1,364.0% during the first quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock worth $28,000 after buying an additional 341 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of BJ’s Wholesale Club in the first quarter valued at approximately $35,000. First Horizon Advisors Inc. boosted its holdings in shares of BJ’s Wholesale Club by 41.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 665 shares of the company’s stock worth $42,000 after acquiring an additional 194 shares in the last quarter. Finally, Fortis Capital Advisors LLC bought a new stake in BJ’s Wholesale Club during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BJ. Morgan Stanley cut their price objective on BJ’s Wholesale Club from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. The Goldman Sachs Group downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $75.00 to $73.00 in a research report on Tuesday, October 17th. UBS Group decreased their price objective on shares of BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and dropped their target price for the stock from $79.00 to $71.00 in a research note on Monday, November 6th. Finally, Citigroup decreased their price target on shares of BJ’s Wholesale Club from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $71.31.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 33,934 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $68.88, for a total transaction of $2,337,373.92. Following the sale, the executive vice president now directly owns 80,882 shares of the company’s stock, valued at approximately $5,571,152.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 33,934 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $68.88, for a total transaction of $2,337,373.92. Following the transaction, the executive vice president now owns 80,882 shares of the company’s stock, valued at approximately $5,571,152.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William C. Werner sold 1,970 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $70.04, for a total value of $137,978.80. Following the completion of the sale, the executive vice president now directly owns 34,880 shares of the company’s stock, valued at approximately $2,442,995.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,653 shares of company stock worth $8,306,084. 2.20% of the stock is owned by insiders.

BJ’s Wholesale Club Stock Performance

BJ opened at $63.59 on Tuesday. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 3.16 and a beta of 0.37. The business’s 50-day moving average price is $69.68 and its two-hundred day moving average price is $67.06. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $78.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.12.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Friday, November 17th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm earned $0.99 EPS. BJ’s Wholesale Club’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.87 EPS for the current fiscal year.

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 perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.