BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. decreased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,144 shares of the company’s stock after selling 364 shares during the period. Valmark Advisers Inc.’s holdings in BJ’s Wholesale Club were worth $1,743,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in shares of BJ’s Wholesale Club by 39.7% in the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock valued at $1,142,898,000 after purchasing an additional 4,548,963 shares during the period. Victory Capital Management Inc. grew its position in shares of BJ’s Wholesale Club by 22.2% in the third quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock valued at $324,460,000 after purchasing an additional 826,591 shares during the period. Ameriprise Financial Inc. grew its position in shares of BJ’s Wholesale Club by 38.3% in the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock valued at $120,500,000 after purchasing an additional 467,575 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in BJ’s Wholesale Club during the third quarter valued at about $29,768,000. Finally, Morgan Stanley grew its position in BJ’s Wholesale Club by 10.3% during the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after acquiring an additional 369,317 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 0.4 %

Shares of NYSE:BJ traded up $0.27 during trading on Friday, hitting $76.65. The company’s stock had a trading volume of 1,101,637 shares, compared to its average volume of 1,735,324. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $80.42. The company has a market capitalization of $10.19 billion, a PE ratio of 19.81, a PEG ratio of 3.30 and a beta of 0.26. The stock’s 50-day moving average price is $74.64 and its two-hundred day moving average price is $69.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BJ shares. Evercore ISI lowered their price target on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company reissued an “equal weight” rating and set a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. Loop Capital reissued a “hold” rating and set a $80.00 price target (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. JPMorgan Chase & Co. boosted their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research report on Friday, March 1st. Finally, The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their price target for the company from $81.00 to $87.00 in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.40.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the sale, the senior vice president now owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Monica Schwartz sold 13,578 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the completion of the transaction, the executive vice president now directly owns 13,545 shares in the company, valued at $1,067,481.45. The disclosure for this sale can be found here. Insiders sold 98,840 shares of company stock worth $7,408,605 over the last ninety days. Company insiders own 2.20% of the company’s stock.

About BJ’s Wholesale Club

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.