BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Holdings Decreased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. cut its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 21.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 426,642 shares of the company’s stock after selling 119,713 shares during the quarter. Royal London Asset Management Ltd. owned 0.32% of BJ’s Wholesale Club worth $37,476,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of BJ’s Wholesale Club in the 4th quarter worth about $81,646,000. Massachusetts Financial Services Co. MA acquired a new position in BJ’s Wholesale Club during the 4th quarter valued at approximately $50,994,000. Raymond James & Associates boosted its position in BJ’s Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after purchasing an additional 382,114 shares during the period. Fiduciary Management Inc. WI grew its position 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 acquiring an additional 377,019 shares during the last quarter. Finally, Delta Global Management LP bought a new stake in BJ’s Wholesale Club in the 1st quarter valued at about $27,214,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the transaction, the chief executive officer now directly owns 467,792 shares in the company, valued at approximately $40,651,124.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Graham Luce sold 16,596 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,438 shares of company stock valued at $6,980,938. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Roth Mkm raised their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price target for the company from $76.00 to $78.00 in a research note on Monday, August 26th. UBS Group boosted their price objective on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Robert W. Baird raised their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, Loop Capital boosted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average target price of $86.07.

BJ’s Wholesale Club Trading Up 0.6 %

BJ’s Wholesale Club stock opened at $78.15 on Wednesday. The company has a 50 day moving average price of $85.44 and a 200 day moving average price of $81.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 2.84 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

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.