Bell Asset Management Ltd Sells 17,384 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bell Asset Management Ltd lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,043 shares of the company’s stock after selling 17,384 shares during the quarter. Bell Asset Management Ltd’s holdings in BJ’s Wholesale Club were worth $5,097,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BJ. Aster Capital Management DIFC Ltd increased its holdings in shares of BJ’s Wholesale Club by 770.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company’s stock worth $102,000 after acquiring an additional 1,009 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in BJ’s Wholesale Club by 151.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company’s stock worth $1,768,000 after purchasing an additional 11,928 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in BJ’s Wholesale Club during the 4th quarter worth approximately $1,821,000. Riverwater Partners LLC raised its holdings in BJ’s Wholesale Club by 1.6% during the 4th quarter. Riverwater Partners LLC now owns 11,577 shares of the company’s stock worth $1,034,000 after buying an additional 178 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in BJ’s Wholesale Club in the fourth quarter valued at approximately $531,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $115.54 on Monday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $71.81 and a one year high of $120.43. The company has a market cap of $15.21 billion, a P/E ratio of 27.77, a P/E/G ratio of 4.50 and a beta of 0.54. The firm’s fifty day moving average price is $106.88 and its two-hundred day moving average price is $96.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

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

Insider Buying and Selling

In related news, Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction that occurred on 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 sale, the director now directly owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction 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. The trade was a 38.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,005 shares of company stock worth $5,148,708. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BJ. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Loop Capital lifted their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Robert W. Baird upped their price objective on 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. JPMorgan Chase & Co. lifted their target price on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Finally, Evercore ISI reduced their price target on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

BJ’s Wholesale Club Company 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.