BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by abrdn plc

abrdn plc lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 405,143 shares of the company’s stock after selling 80,844 shares during the period. abrdn plc owned about 0.30% of BJ’s Wholesale Club worth $27,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC increased its position in shares of BJ’s Wholesale Club by 45.3% during the third quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock worth $34,000 after purchasing an additional 153 shares in the last quarter. Huntington National Bank increased its position in shares of BJ’s Wholesale Club by 159.9% during the third quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after purchasing an additional 411 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of BJ’s Wholesale Club by 23.9% during the third quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock worth $59,000 after purchasing an additional 159 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth about $78,000. Finally, Headlands Technologies LLC acquired a new position in BJ’s Wholesale Club in the 3rd quarter valued at about $89,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BJ. JPMorgan Chase & Co. boosted their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research report on Friday, March 1st. Evercore ISI dropped their price target on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Wells Fargo & Company restated an “equal weight” rating and issued a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. Gordon Haskett lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Wednesday, February 7th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.40.

BJ’s Wholesale Club Price Performance

BJ stock opened at $74.01 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $80.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The stock’s 50 day moving average price is $74.03 and its 200 day moving average price is $69.42. The firm has a market cap of $9.84 billion, a P/E ratio of 19.12, a PEG ratio of 3.19 and a beta of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the company earned $1.00 EPS. BJ’s Wholesale Club’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares in the company, valued at approximately $12,815,091.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the sale, the chief executive officer now directly owns 500,792 shares in the company, valued at approximately $38,410,746.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the sale, the director now owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The disclosure for this sale can be found here. In the last three months, insiders sold 98,840 shares of company stock worth $7,408,605. Insiders own 2.20% 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.