Easterly Investment Partners LLC Sells 11,537 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Easterly Investment Partners LLC lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,352 shares of the company’s stock after selling 11,537 shares during the quarter. Easterly Investment Partners LLC owned 0.06% of BJ’s Wholesale Club worth $6,298,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of BJ’s Wholesale Club by 158.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after acquiring an additional 2,571,709 shares during the period. Marshall Wace LLP lifted its position in shares of BJ’s Wholesale Club by 143.6% in the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after acquiring an additional 499,954 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of BJ’s Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after acquiring an additional 395,573 shares during the period. Raymond James & Associates lifted its position in shares of BJ’s Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after acquiring an additional 382,114 shares during the period. Finally, Delta Global Management LP bought a new stake in shares of BJ’s Wholesale Club in the 1st quarter worth approximately $27,214,000. Institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Melius Research initiated coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Bank of America dropped their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Loop Capital increased their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.33.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ traded up $0.60 during trading on Friday, reaching $89.93. 113,727 shares of the stock were exchanged, compared to its average volume of 1,468,885. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37. The firm has a market cap of $11.92 billion, a PE ratio of 22.56, a PEG ratio of 3.22 and a beta of 0.24. The stock has a 50-day moving average price of $83.62 and a 200-day moving average price of $84.30. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the sale, the chief executive officer now directly owns 434,792 shares in the company, valued at $36,413,830. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,000 shares of company stock worth $2,818,390. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club 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.