Brandywine Global Investment Management LLC Has $3.34 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Brandywine Global Investment Management LLC cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,362 shares of the company’s stock after selling 2,740 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $3,338,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BJ. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BJ’s Wholesale Club by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,970 shares of the company’s stock worth $2,389,000 after acquiring an additional 365 shares in the last quarter. Captrust Financial Advisors grew its holdings in BJ’s Wholesale Club by 6.0% during the third quarter. Captrust Financial Advisors now owns 6,913 shares of the company’s stock valued at $570,000 after purchasing an additional 392 shares during the last quarter. HighTower Advisors LLC raised its position in shares of BJ’s Wholesale Club by 6.1% in the third quarter. HighTower Advisors LLC now owns 16,401 shares of the company’s stock valued at $1,347,000 after purchasing an additional 947 shares during the period. Janus Henderson Group PLC lifted its stake in shares of BJ’s Wholesale Club by 10.0% in the third quarter. Janus Henderson Group PLC now owns 107,652 shares of the company’s stock worth $8,878,000 after buying an additional 9,744 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of BJ’s Wholesale Club by 5.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock worth $224,000 after buying an additional 133 shares during the period. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Up 0.1 %

NYSE BJ opened at $115.04 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $71.81 and a 1-year high of $118.40. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 4.50 and a beta of 0.54. The stock’s 50 day moving average is $106.08 and its two-hundred day moving average is $95.54. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

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, beating analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BJ has been the subject of a number of research analyst reports. TD Cowen boosted their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird increased their target price on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. UBS Group lifted their price target on BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Wells Fargo & Company reissued an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Finally, Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.94.

Insider Buying and Selling

In other news, EVP William C. Werner sold 20,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the sale, the executive vice president now owns 31,308 shares in the company, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now directly owns 24,351 shares of the company’s stock, valued at $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

About BJ’s Wholesale Club

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.