Reinhart Partners LLC. Sells 54,129 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Reinhart Partners LLC. lowered its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 97,413 shares of the company's stock after selling 54,129 shares during the quarter. Reinhart Partners LLC. owned about 0.07% of BJ's Wholesale Club worth $8,704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Davis Capital Management acquired a new position in BJ's Wholesale Club during the third quarter worth approximately $25,000. UMB Bank n.a. raised its position in BJ's Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock valued at $31,000 after purchasing an additional 293 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in BJ's Wholesale Club in the 3rd quarter valued at $41,000. Benjamin Edwards Inc. boosted its stake in BJ's Wholesale Club by 394.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company's stock worth $55,000 after purchasing an additional 501 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in BJ's Wholesale Club in the third quarter valued at $55,000. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

NYSE:BJ traded down $0.44 during mid-day trading on Monday, hitting $96.13. The stock had a trading volume of 2,674,271 shares, compared to its average volume of 1,835,794. The company has a 50 day simple moving average of $93.01 and a 200-day simple moving average of $87.81. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 4.69 and a beta of 0.32. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.89 by $0.29. The firm had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.12 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. BJ's Wholesale Club's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. On average, research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BJ. Roth Mkm lifted their target price on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Jefferies Financial Group raised their price target on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Citigroup upped their target price on BJ's Wholesale Club from $94.00 to $101.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Morgan Stanley raised their price target on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Friday, November 22nd. Finally, UBS Group raised their price objective on BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, BJ's Wholesale Club presently has an average rating of "Moderate Buy" and a consensus target price of $94.00.

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.