ExodusPoint Capital Management LP Has $3.15 Million Stock Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

ExodusPoint Capital Management LP reduced its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 61.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,217 shares of the company's stock after selling 55,192 shares during the quarter. ExodusPoint Capital Management LP's holdings in BJ's Wholesale Club were worth $3,147,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its stake in BJ's Wholesale Club by 78.7% in 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 during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after acquiring an additional 457 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in BJ's Wholesale Club during the third quarter worth about $55,000. UMB Bank n.a. boosted its position in BJ's Wholesale Club by 68.2% during the fourth quarter. UMB Bank n.a. now owns 624 shares of the company's stock valued at $56,000 after purchasing an additional 253 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in BJ's Wholesale Club by 151.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,168 shares of the company's stock valued at $104,000 after purchasing an additional 703 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

BJ has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on BJ's Wholesale Club from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Citigroup upgraded shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their price target for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. DA Davidson boosted their price objective on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Argus upgraded shares of BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Finally, Loop Capital boosted their price target on BJ's Wholesale Club from $95.00 to $110.00 and gave the stock a "hold" rating in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average target price of $110.82.

Insider Activity

In other news, 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 value of $1,669,546.88. Following the transaction, the executive vice president now directly owns 26,113 shares of the company's stock, valued at $3,071,933.32. The trade was a 35.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now directly owns 24,351 shares of the company's stock, valued at $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 326,405 shares of company stock valued at $37,201,232. Company insiders own 2.00% of the company's stock.

BJ's Wholesale Club Trading Down 0.1 %

Shares of BJ stock traded down $0.17 during mid-day trading on Friday, reaching $117.13. 2,649,117 shares of the stock traded hands, compared to its average volume of 1,654,679. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock's fifty day simple moving average is $108.90 and its two-hundred day simple moving average is $97.56. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $71.81 and a 1-year high of $120.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

BJ's Wholesale Club 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.