Legal & General Group Plc Has $23.60 Million Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Legal & General Group Plc decreased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,142 shares of the company's stock after selling 25,381 shares during the quarter. Legal & General Group Plc owned approximately 0.20% of BJ's Wholesale Club worth $23,601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in shares of BJ's Wholesale Club by 0.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock worth $1,787,000 after acquiring an additional 105 shares during the last quarter. Lifestyle Asset Management Inc. grew its position in BJ's Wholesale Club by 0.8% in the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company's stock worth $1,191,000 after purchasing an additional 108 shares during the last quarter. Gateway Investment Advisers LLC grew its position in BJ's Wholesale Club by 0.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company's stock worth $1,353,000 after purchasing an additional 111 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of BJ's Wholesale Club by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock valued at $267,000 after purchasing an additional 132 shares during the period. Finally, Cornerstone Investment Partners LLC raised its holdings in shares of BJ's Wholesale Club by 2.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company's stock valued at $470,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

Remove Ads

BJ's Wholesale Club Trading Down 2.3 %

BJ stock traded down $2.76 during mid-day trading on Wednesday, reaching $116.00. 1,596,040 shares of the stock traded hands, compared to its average volume of 1,655,707. The stock's fifty day moving average is $109.47 and its 200-day moving average is $98.07. The company has a market cap of $15.27 billion, a P/E ratio of 27.88, a P/E/G ratio of 4.50 and a beta of 0.54. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. 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 issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.28 billion during the quarter, compared to the consensus estimate 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 year.

Insider Transactions at BJ's Wholesale Club

In other news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William C. Werner sold 20,000 shares of the business'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 transaction, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,405 shares of company stock valued at $37,201,232 over the last quarter. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

BJ has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Barclays increased their target price on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Evercore ISI dropped their price target on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Finally, Robert W. Baird upped their price target on shares of 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. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.