Wellington Management Group LLP Sells 11,480 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Wellington Management Group LLP lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 204,862 shares of the company’s stock after selling 11,480 shares during the quarter. Wellington Management Group LLP’s holdings in BJ’s Wholesale Club were worth $18,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its position in BJ’s Wholesale Club by 28.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,894 shares of the company’s stock valued at $795,000 after buying an additional 1,973 shares during the period. Clearbridge Investments LLC boosted its stake in shares of BJ’s Wholesale Club by 11.8% during the 4th 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. Brown Brothers Harriman & Co. grew its position in shares of BJ’s Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after acquiring an additional 457 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of BJ’s Wholesale Club by 6.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 18,530 shares of the company’s stock worth $1,656,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Norges Bank bought a new position in BJ’s Wholesale Club in the 4th quarter worth $135,344,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $112.20 on Wednesday. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 4.50 and a beta of 0.54. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $120.43. The stock’s 50 day simple moving average is $107.71 and its two-hundred day simple moving average is $96.73. 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 announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Morgan Stanley increased their target price on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. UBS Group increased their price objective on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group lifted their target price on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.82.

Insider Activity

In related news, Director Robert Allan Steele sold 11,813 shares of the 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 owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 280,400 shares of BJ’s Wholesale Club stock in a transaction on Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now directly owns 422,033 shares of the company’s stock, valued at $48,242,592.23. The trade was a 39.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 326,405 shares of company stock worth $37,201,232. 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.