BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Yarbrough Capital LLC

Yarbrough Capital LLC lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 47.0% during the first quarter, Holdings Channel reports. The fund owned 5,431 shares of the company’s stock after selling 4,808 shares during the quarter. Yarbrough Capital LLC’s holdings in BJ’s Wholesale Club were worth $620,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its position in BJ’s Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock worth $208,218,000 after acquiring an additional 245,731 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of BJ’s Wholesale Club in the 1st quarter valued at $9,805,000. Intech Investment Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 278.6% in the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock valued at $4,822,000 after purchasing an additional 39,713 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of BJ’s Wholesale Club by 151.8% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company’s stock valued at $1,768,000 after purchasing an additional 11,928 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $307,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BJ. The Goldman Sachs Group lifted their price target on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a report on Monday, March 10th. Barclays lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Argus upgraded shares of BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. Finally, Evercore ISI decreased their price target on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.12.

Insider Buying and Selling

In other news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 24,351 shares of the company’s stock, valued at $2,619,924.09. The trade was a 32.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 346,405 shares of company stock valued at $39,457,128 in the last quarter. Company insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $111.07 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 4.50 and a beta of 0.47. 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 firm’s fifty day moving average price is $114.93 and its 200 day moving average price is $105.50.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.