BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,524,345 shares of the company's stock after selling 202,785 shares during the quarter. Bessemer Group Inc. owned 1.91% of BJ's Wholesale Club worth $225,551,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of BJ's Wholesale Club by 0.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock worth $1,787,000 after purchasing an additional 105 shares during the period. Lifestyle Asset Management Inc. increased its position in BJ's Wholesale Club by 0.8% during the fourth quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company's stock valued at $1,191,000 after acquiring an additional 108 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of BJ's Wholesale Club by 0.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company's stock valued at $1,353,000 after acquiring an additional 111 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of BJ's Wholesale Club by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock worth $267,000 after acquiring an additional 132 shares during the last quarter. Finally, Cornerstone Investment Partners LLC lifted its holdings in shares of BJ's Wholesale Club by 2.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company's stock worth $470,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Remove Ads

Insider Activity

In related news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The sale was disclosed in a document filed 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 that occurred 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 directly owns 31,308 shares in the company, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 326,405 shares of company stock worth $37,201,232. Insiders own 2.00% of the company's stock.

BJ's Wholesale Club Stock Up 1.4 %

Shares of NYSE BJ traded up $1.64 during mid-day trading on Monday, reaching $119.00. 721,277 shares of the company were exchanged, compared to its average volume of 1,650,893. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $120.93. The firm has a 50-day moving average of $108.90 and a 200 day moving average of $97.66. The stock has a market cap of $15.67 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 4.50 and a beta of 0.54. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released 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. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.29 billion. On average, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on BJ shares. Wells Fargo & Company reissued an "overweight" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Barclays raised their price target on BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $115.00 to $130.00 in a report on Thursday, April 3rd. Robert W. Baird lifted their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, Evercore ISI cut their price target on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.