Easterly Investment Partners LLC Cuts Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Easterly Investment Partners LLC decreased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,352 shares of the company's stock after selling 11,537 shares during the quarter. Easterly Investment Partners LLC owned about 0.06% of BJ's Wholesale Club worth $6,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Daiwa Securities Group Inc. grew its position in shares of BJ's Wholesale Club by 1.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company's stock valued at $800,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of BJ's Wholesale Club by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 116,734 shares of the company's stock valued at $8,831,000 after purchasing an additional 1,209 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of BJ's Wholesale Club by 6.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,346 shares of the company's stock valued at $1,539,000 after purchasing an additional 1,205 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of BJ's Wholesale Club by 12.1% during the 1st quarter. Tectonic Advisors LLC now owns 3,973 shares of the company's stock valued at $301,000 after purchasing an additional 429 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at $2,535,000. Institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Melius Research assumed coverage on shares of BJ's Wholesale Club in a research report on Monday, September 23rd. They set a "buy" rating and a $90.00 price target for the company. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America cut their target price on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company upgraded shares of BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Finally, Roth Mkm upped their target price on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.33.

BJ's Wholesale Club Trading Up 1.1 %

Shares of NYSE:BJ traded up $1.02 during midday trading on Friday, hitting $90.35. 932,941 shares of the stock traded hands, compared to its average volume of 1,472,660. The stock has a market capitalization of $11.98 billion, a PE ratio of 22.56, a P/E/G ratio of 3.22 and a beta of 0.24. The business's 50 day moving average is $83.62 and its two-hundred day moving average is $84.30. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. BJ's Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. As a group, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company's stock, valued at approximately $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares of the company's stock, valued at $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company's stock, valued at approximately $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,000 shares of company stock valued at $2,818,390. Insiders own 2.00% of the company's stock.

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.