Loomis Sayles & Co. L P Sells 10,750 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Loomis Sayles & Co. L P reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 348,018 shares of the company’s stock after selling 10,750 shares during the period. Loomis Sayles & Co. L P owned 0.26% of BJ’s Wholesale Club worth $31,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in BJ’s Wholesale Club by 2.7% in the third quarter. Pathstone Holdings LLC now owns 21,123 shares of the company’s stock valued at $1,742,000 after acquiring an additional 558 shares during the last quarter. Commerce Bank lifted its stake in shares of BJ’s Wholesale Club by 5.8% in the 3rd quarter. Commerce Bank now owns 3,809 shares of the company’s stock valued at $314,000 after purchasing an additional 209 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of BJ’s Wholesale Club by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 839,101 shares of the company’s stock worth $69,209,000 after purchasing an additional 5,350 shares during the last quarter. Cerity Partners LLC grew its stake in shares of BJ’s Wholesale Club by 21.6% during the third quarter. Cerity Partners LLC now owns 52,019 shares of the company’s stock worth $4,290,000 after purchasing an additional 9,224 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in BJ’s Wholesale Club by 4.9% in the third quarter. Daiwa Securities Group Inc. now owns 3,840 shares of the company’s stock valued at $317,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BJ shares. Loop Capital raised their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. TD Cowen lifted their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Citigroup upped their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. Robert W. Baird lifted their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, Morgan Stanley upped their price objective on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. Seven investment 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 presently has an average rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $112.65 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40. The stock has a market capitalization of $14.83 billion, a P/E ratio of 27.08, a P/E/G ratio of 4.50 and a beta of 0.28. The company has a 50 day moving average of $104.60 and a 200-day moving average of $94.46.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating 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. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the transaction, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the sale, the director now directly 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 disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

About BJ’s Wholesale Club

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.