BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 55.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,760 shares of the company’s stock after selling 3,372 shares during the quarter. Truvestments Capital LLC’s holdings in BJ’s Wholesale Club were worth $209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of BJ’s Wholesale Club by 13.0% in the fourth quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after acquiring an additional 590,113 shares in the last quarter. Putnam Investments LLC boosted its stake in shares of BJ’s Wholesale Club by 4.3% in the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after buying an additional 150,414 shares during the period. Bessemer Group Inc. grew its position in shares of BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after buying an additional 56,442 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in shares of BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after buying an additional 377,019 shares during the period. Finally, TimesSquare Capital Management LLC raised its holdings in BJ’s Wholesale Club by 10.2% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,650,167 shares of the company’s stock valued at $110,000,000 after acquiring an additional 152,870 shares in 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 traded down $0.41 during mid-day trading on Friday, reaching $87.96. The stock had a trading volume of 1,333,940 shares, compared to its average volume of 1,275,144. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $87.80 and a 200 day simple moving average of $77.79. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37. The company has a market cap of $11.67 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 3.14 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group boosted their price target on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, May 24th. DA Davidson raised their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Thursday, May 23rd. Loop Capital upped their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. Finally, Bank of America raised their price objective on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $82.35.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 28,842 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares in the company, valued at approximately $5,252,496.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $89.86, for a total value of $2,591,742.12. Following the transaction, the executive vice president now owns 58,452 shares in the company, valued at $5,252,496.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,544 shares of company stock worth $6,273,484. 2.00% of the stock is owned by corporate insiders.

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.