FIL Ltd Sells 236,357 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

FIL Ltd trimmed its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,023,810 shares of the company’s stock after selling 236,357 shares during the period. FIL Ltd owned about 0.78% of BJ’s Wholesale Club worth $91,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tortoise Investment Management LLC raised its stake in BJ’s Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after buying an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of BJ’s Wholesale Club by 652.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after buying an additional 457 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in BJ’s Wholesale Club in the third quarter worth approximately $55,000. UMB Bank n.a. boosted its holdings in BJ’s Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after purchasing an additional 253 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in BJ’s Wholesale Club by 770.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company’s stock worth $102,000 after acquiring an additional 1,009 shares during the period. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Up 0.9 %

NYSE:BJ opened at $113.01 on Thursday. The company has a market cap of $14.88 billion, a PE ratio of 27.17, a P/E/G ratio of 4.50 and a beta of 0.54. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $120.43. 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’s 50 day moving average is $108.25 and its two-hundred day moving average is $97.06.

BJ’s Wholesale Club (NYSE:BJ) last released its 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. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity

In related news, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction on 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 in the company, valued at $2,619,924.09. The trade was a 32.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 280,400 shares of the business’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the transaction, the chief executive officer now owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 326,405 shares of company stock valued at $37,201,232 in the last ninety days. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of several recent research reports. Barclays increased their price target on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. DA Davidson raised their target price on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Evercore ISI dropped their price objective on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. TD Cowen lifted their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a report on Monday, March 10th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $110.82.

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.