Royal London Asset Management Ltd. Has $28.95 Million Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Royal London Asset Management Ltd. lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 24.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 323,989 shares of the company’s stock after selling 104,643 shares during the period. Royal London Asset Management Ltd.’s holdings in BJ’s Wholesale Club were worth $28,948,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at $828,000. Sanctuary Advisors LLC lifted its position in shares of BJ’s Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after acquiring an additional 21,957 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter valued at $307,000. Wealthfront Advisers LLC lifted its position in shares of BJ’s Wholesale Club by 1,462.2% during the 4th quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company’s stock valued at $4,843,000 after acquiring an additional 50,738 shares during the period. Finally, Oak Harvest Investment Services acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter valued at $670,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $110.35 on Friday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $71.81 and a one year high of $118.40. The firm has a 50-day moving average of $103.26 and a 200-day moving average of $93.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market cap of $14.58 billion, a P/E ratio of 26.53, a P/E/G ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, March 7th. TD Cowen boosted their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. The Goldman Sachs Group upped their price objective on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Robert W. Baird upped their price objective on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, Roth Mkm upped their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.71.

Insider Buying and Selling

In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William C. Werner sold 20,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares of the company’s stock, valued at $3,456,716.28. This represents a 38.98 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.