Amalgamated Bank Sells 18,801 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Amalgamated Bank trimmed its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 22.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,343 shares of the company's stock after selling 18,801 shares during the quarter. Amalgamated Bank's holdings in BJ's Wholesale Club were worth $5,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BJ. Daiwa Securities Group Inc. grew its position in BJ's Wholesale Club by 1.9% during the first quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company's stock worth $800,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund Corp grew its position in BJ's Wholesale Club by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 116,734 shares of the company's stock worth $8,831,000 after buying an additional 1,209 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in BJ's Wholesale Club by 6.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,346 shares of the company's stock worth $1,539,000 after buying an additional 1,205 shares in the last quarter. Tectonic Advisors LLC grew its position in BJ's Wholesale Club by 12.1% during the first quarter. Tectonic Advisors LLC now owns 3,973 shares of the company's stock worth $301,000 after buying an additional 429 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in BJ's Wholesale Club during the first quarter worth about $2,535,000. 98.60% of the stock is currently owned by institutional investors.

BJ's Wholesale Club Stock Up 1.1 %

Shares of BJ's Wholesale Club stock traded up $1.02 during midday trading on Friday, hitting $90.35. The company had a trading volume of 932,941 shares, compared to its average volume of 1,472,660. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock has a market capitalization of $11.98 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.22 and a beta of 0.24. The company has a 50 day moving average of $83.62 and a 200 day moving average of $84.30. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ's Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. On average, equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BJ. Melius Research began coverage on BJ's Wholesale Club in a report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price objective for the company. JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Wells Fargo & Company upgraded BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Bank of America dropped their target price on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 23rd. Finally, Loop Capital increased their target price on BJ's Wholesale Club from $80.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 11th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.33.

Insider Buying and Selling

In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Joseph Mcgrail sold 1,000 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $2,818,390 over the last 90 days. Company insiders own 2.00% 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.