Bell Asset Management Ltd Sells 17,384 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Bell Asset Management Ltd trimmed its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,043 shares of the company's stock after selling 17,384 shares during the quarter. Bell Asset Management Ltd's holdings in BJ's Wholesale Club were worth $5,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of BJ's Wholesale Club during the 4th quarter valued at approximately $135,344,000. Alliancebernstein L.P. grew its stake in BJ's Wholesale Club by 658.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock valued at $136,100,000 after purchasing an additional 1,322,425 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of BJ's Wholesale Club in the 4th quarter valued at $85,550,000. Franklin Resources Inc. increased its holdings in BJ's Wholesale Club by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock worth $470,775,000 after buying an additional 504,958 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of BJ's Wholesale Club by 11.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock valued at $208,218,000 after buying an additional 245,731 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on BJ shares. Citigroup upgraded shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price target for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. DA Davidson lifted their price objective on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley upped their price target on BJ's Wholesale Club from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Argus raised BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Finally, The Goldman Sachs Group lifted their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.82.

BJ's Wholesale Club Stock Performance

Shares of NYSE:BJ traded down $0.17 on Friday, hitting $117.13. The company's stock had a trading volume of 2,649,117 shares, compared to its average volume of 1,654,679. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $71.81 and a 12 month high of $120.43. The stock's 50-day moving average is $108.90 and its two-hundred day moving average is $97.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The company has a market capitalization of $15.42 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, topping the consensus estimate 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 net margin of 2.71% and a return on equity of 35.41%. On average, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at BJ's Wholesale Club

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 transaction of $1,270,960.67. Following the transaction, the director now owns 24,351 shares of the company's stock, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 326,405 shares of company stock valued at $37,201,232 in the last three months. 2.00% of the stock is currently owned by company insiders.

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.