Arrowstreet Capital Limited Partnership Sells 198,720 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Arrowstreet Capital Limited Partnership cut its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 82.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,620 shares of the company's stock after selling 198,720 shares during the period. Arrowstreet Capital Limited Partnership's holdings in BJ's Wholesale Club were worth $3,808,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC raised its holdings in shares of BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after buying an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake 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 position in shares of BJ's Wholesale Club in the third quarter worth about $55,000. UMB Bank n.a. lifted its stake in shares of BJ's Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock valued at $56,000 after acquiring an additional 253 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in BJ's Wholesale Club by 151.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company's stock valued at $104,000 after acquiring an additional 703 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on BJ shares. Barclays increased their price objective on BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. DA Davidson upped their price objective 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. Loop Capital boosted their price target on BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a report on Friday, March 7th. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. Finally, Wells Fargo & Company restated an "overweight" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.82.

BJ's Wholesale Club Stock Up 1.7 %

Shares of BJ traded up $1.98 during trading hours on Monday, hitting $119.34. The company had a trading volume of 170,108 shares, compared to its average volume of 1,648,836. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 4.50 and a beta of 0.54. The firm has a fifty day moving average price of $108.90 and a 200-day moving average price of $97.66. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $120.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. On average, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of BJ's Wholesale Club 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 280,400 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $114.31, for a total value of $32,052,524.00. Following the transaction, the chief executive officer now directly owns 422,033 shares in the company, valued at $48,242,592.23. The trade was a 39.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 326,405 shares of company stock worth $37,201,232 over the last quarter. 2.00% of the stock is currently owned by insiders.

BJ's Wholesale Club Company 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.