Vestcor Inc lowered its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 90.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,221 shares of the company's stock after selling 11,029 shares during the quarter. Vestcor Inc's holdings in BJ's Wholesale Club were worth $101,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Blue Trust Inc. purchased a new stake in shares of BJ's Wholesale Club in the 2nd quarter valued at $25,000. Davis Capital Management purchased a new stake in BJ's Wholesale Club during the third quarter worth about $25,000. UMB Bank n.a. lifted its position in shares of BJ's Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after purchasing an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of BJ's Wholesale Club in the third quarter valued at approximately $41,000. Finally, Benjamin Edwards Inc. grew its holdings in shares of BJ's Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company's stock valued at $55,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.
BJ's Wholesale Club Stock Performance
Shares of BJ stock traded down $0.99 during mid-day trading on Friday, hitting $97.54. 1,072,921 shares of the stock were exchanged, compared to its average volume of 1,506,557. The stock's fifty day simple moving average is $90.22 and its two-hundred day simple moving average is $87.09. 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 Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $100.74. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 4.69 and a beta of 0.29.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.29. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter last year, the business posted $0.98 EPS. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Friday, November 22nd. Roth Mkm lifted their target price on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Wells Fargo & Company boosted their target price on BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Jefferies Financial Group lifted their price objective on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, TD Cowen upped their target price on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $93.56.
Check Out Our Latest Analysis on BJ's Wholesale Club
Insider Buying and Selling at BJ's Wholesale Club
In other news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares of the company's stock, valued at $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.
BJ's Wholesale Club Company Profile
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Free Report)
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.
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