Massachusetts Financial Services Co. MA Sells 170,569 Shares of BJs Wholesale Club Holdings Inc (BJ)

Massachusetts Financial Services Co. MA decreased its position in BJs Wholesale Club Holdings Inc (NYSE:BJ) by 8.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,771,558 shares of the company’s stock after selling 170,569 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.31% of BJs Wholesale Club worth $47,442,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC purchased a new stake in BJs Wholesale Club in the second quarter worth about $200,102,000. Citadel Advisors LLC purchased a new stake in BJs Wholesale Club in the second quarter worth about $68,786,000. Putnam Investments LLC purchased a new stake in BJs Wholesale Club in the second quarter worth about $53,841,000. Millennium Management LLC purchased a new stake in BJs Wholesale Club in the second quarter worth about $37,390,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in BJs Wholesale Club in the second quarter worth about $15,372,000. 61.48% of the stock is currently owned by institutional investors.

A number of analysts have commented on BJ shares. Citigroup started coverage on BJs Wholesale Club in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $31.00 price target for the company. CIBC started coverage on BJs Wholesale Club in a research report on Thursday, October 18th. They issued a “market perform” rating for the company. Loop Capital upped their price target on BJs Wholesale Club to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Gordon Haskett cut BJs Wholesale Club from a “buy” rating to an “accumulate” rating in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Finally, Northcoast Research started coverage on BJs Wholesale Club in a research report on Tuesday, September 25th. They issued a “buy” rating and a $38.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. BJs Wholesale Club has an average rating of “Hold” and a consensus price target of $29.92.

NYSE:BJ opened at $22.37 on Friday. BJs Wholesale Club Holdings Inc has a 12-month low of $20.33 and a 12-month high of $32.92.

BJs Wholesale Club (NYSE:BJ) last released its earnings results on Tuesday, August 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that BJs Wholesale Club Holdings Inc will post 0.9 earnings per share for the current fiscal year.

In other BJs Wholesale Club news, CEO Christopher J. Baldwin sold 302,668 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $25.09, for a total transaction of $7,593,940.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott Kessler sold 61,686 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $25.09, for a total value of $1,547,701.74. The disclosure for this sale can be found here. Insiders have sold 15,430,535 shares of company stock valued at $400,833,662 in the last quarter.

BJs Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Institutional Ownership by Quarter for BJs Wholesale Club (NYSE:BJ)

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