JPMorgan Chase & Co. Decreases Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

JPMorgan Chase & Co. cut its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.4% in the 3rd quarter, Holdings Channel reports. The fund owned 2,498,674 shares of the company’s stock after selling 172,256 shares during the period. JPMorgan Chase & Co.’s holdings in BJ’s Wholesale Club were worth $206,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BJ. Davis Capital Management acquired a new stake in BJ’s Wholesale Club during the 3rd quarter valued at approximately $25,000. UMB Bank n.a. grew its position in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club in the third quarter worth $41,000. Benjamin Edwards Inc. raised its holdings in BJ’s Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after acquiring an additional 501 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in BJ’s Wholesale Club during the 3rd quarter valued at $55,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BJ has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Jefferies Financial Group upped their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group lifted their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Wells Fargo & Company upped their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, TD Cowen boosted their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average target price of $94.00.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Stock Performance

Shares of NYSE BJ opened at $89.60 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $100.74. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a market cap of $11.84 billion, a PE ratio of 21.54, a P/E/G ratio of 4.69 and a beta of 0.29. The stock has a 50 day simple moving average of $91.73 and a 200-day simple moving average of $87.60.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

BJ’s Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.