FIL Ltd Reduces Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

FIL Ltd reduced its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 18.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,023,810 shares of the company's stock after selling 236,357 shares during the quarter. FIL Ltd owned about 0.78% of BJ's Wholesale Club worth $91,477,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BJ. Bank of Montreal Can grew its position in shares of BJ's Wholesale Club by 12.5% during the 4th quarter. Bank of Montreal Can now owns 16,454 shares of the company's stock valued at $1,470,000 after purchasing an additional 1,826 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in shares of BJ's Wholesale Club by 770.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company's stock valued at $102,000 after acquiring an additional 1,009 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of BJ's Wholesale Club by 151.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock valued at $1,768,000 after purchasing an additional 11,928 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in BJ's Wholesale Club in the 4th quarter worth $1,821,000. Finally, Riverwater Partners LLC grew its stake in shares of BJ's Wholesale Club by 1.6% in the fourth quarter. Riverwater Partners LLC now owns 11,577 shares of the company's stock worth $1,034,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

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BJ's Wholesale Club Trading Down 0.2 %

BJ stock traded down $0.25 during midday trading on Tuesday, reaching $119.69. 507,551 shares of the company traded hands, compared to its average volume of 1,933,228. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 4.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The business has a 50 day moving average of $109.21 and a 200-day moving average of $97.93. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $121.10.

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

Insiders Place Their Bets

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 sale, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares of the company's stock, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 326,405 shares of company stock worth $37,201,232 in the last ninety days. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

BJ has been the subject of a number of research analyst reports. Barclays raised their price target on BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Wells Fargo & Company reissued an "overweight" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Robert W. Baird increased their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Evercore ISI decreased their price objective on shares of 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, 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 note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and an average price target of $110.82.

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.