Woodley Farra Manion Portfolio Management Inc. cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 14.0% during the fourth quarter, Holdings Channel reports. The firm owned 587,450 shares of the company’s stock after selling 95,912 shares during the quarter. BJ’s Wholesale Club comprises about 2.4% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 19th largest position. Woodley Farra Manion Portfolio Management Inc.’s holdings in BJ’s Wholesale Club were worth $52,888,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new stake in BJ’s Wholesale Club during the fourth quarter worth about $25,000. Sunbelt Securities Inc. purchased a new stake in BJ’s Wholesale Club during the third quarter worth about $34,000. Leonteq Securities AG purchased a new stake in BJ’s Wholesale Club during the fourth quarter worth about $43,000. Los Angeles Capital Management LLC purchased a new stake in BJ’s Wholesale Club during the fourth quarter worth about $51,000. Finally, Blue Trust Inc. increased its stake in BJ’s Wholesale Club by 42.9% during the fourth quarter. Blue Trust Inc. now owns 713 shares of the company’s stock worth $64,000 after purchasing an additional 214 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
BJ’s Wholesale Club Stock Down 1.6%
BJ stock opened at $91.02 on Friday. The company’s 50 day moving average price is $92.40 and its 200 day moving average price is $94.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.73. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $115.43. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 3.45 and a beta of 0.23.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on BJ. JPMorgan Chase & Co. upped their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Citigroup cut their target price on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. DA Davidson upped their target price on shares of BJ’s Wholesale Club from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. UBS Group restated a “buy” rating and set a $109.00 target price on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company upped their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.27.
Read Our Latest Analysis on BJ
Insider Buying and Selling
In related news, CEO Robert W. Eddy sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.02, for a total value of $728,160.00. Following the completion of the transaction, the chief executive officer directly owned 306,330 shares of the company’s stock, valued at $27,882,156.60. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 2,050 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total value of $186,939.50. Following the completion of the transaction, the senior vice president directly owned 14,769 shares of the company’s stock, valued at $1,346,785.11. This trade represents a 12.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.
BJ’s Wholesale Club Company Profile
BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.
Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.
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