BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,362 shares of the company's stock after selling 2,740 shares during the quarter. Brandywine Global Investment Management LLC's holdings in BJ's Wholesale Club were worth $3,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its stake in BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after acquiring an additional 457 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of BJ's Wholesale Club by 6.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 18,530 shares of the company's stock worth $1,656,000 after purchasing an additional 1,062 shares during the last quarter. Norges Bank acquired a new stake in shares of BJ's Wholesale Club during the fourth quarter worth about $135,344,000. Blair William & Co. IL boosted its position in BJ's Wholesale Club by 32.6% in the fourth quarter. Blair William & Co. IL now owns 413,495 shares of the company's stock valued at $36,946,000 after buying an additional 101,625 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in BJ's Wholesale Club by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock valued at $229,808,000 after buying an additional 73,322 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at BJ's Wholesale Club

In other news, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 24,351 shares of the company's stock, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP William C. Werner sold 14,192 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the transaction, the executive vice president now owns 26,113 shares in the company, valued at $3,071,933.32. The trade was a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,005 shares of company stock valued at $5,148,708 over the last ninety days. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

BJ has been the subject of several research reports. Wells Fargo & Company restated an "overweight" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Morgan Stanley boosted their target price on shares of BJ's Wholesale Club from $98.00 to $115.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. Robert W. Baird increased their price target 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. Evercore ISI decreased their price objective on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Finally, TD Cowen upped their target price on BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.82.

BJ's Wholesale Club Price Performance

Shares of NYSE BJ traded down $0.99 during trading on Monday, hitting $114.42. The company had a trading volume of 3,676,256 shares, compared to its average volume of 1,628,229. The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The stock has a fifty day simple moving average of $107.18 and a two-hundred day simple moving average of $96.40. 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 Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $120.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued 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 firm had revenue of $5.28 billion for the quarter, compared to analyst estimates 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.

About BJ's Wholesale Club

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.