Nisa Investment Advisors LLC Sells 7,351 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Nisa Investment Advisors LLC lowered its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 87.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,055 shares of the company's stock after selling 7,351 shares during the period. Nisa Investment Advisors LLC's holdings in BJ's Wholesale Club were worth $87,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in BJ's Wholesale Club during the second quarter worth about $25,000. Davis Capital Management acquired a new position in shares of BJ's Wholesale Club in the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its position in shares of BJ's Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after buying an additional 293 shares during the period. J.Safra Asset Management Corp acquired a new stake in BJ's Wholesale Club in the 2nd quarter valued at $45,000. Finally, Benjamin Edwards Inc. grew its position in BJ's Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company's stock valued at $55,000 after acquiring an additional 501 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ's Wholesale Club Trading Up 1.1 %

BJ's Wholesale Club stock traded up $1.02 during trading hours on Friday, reaching $90.35. 932,941 shares of the company's stock traded hands, compared to its average volume of 1,472,660. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The firm's 50 day moving average is $83.62 and its 200-day moving average is $84.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 3.22 and a beta of 0.24.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The business's quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America cut their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 23rd. Loop Capital boosted their price target on shares of BJ's Wholesale Club from $80.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 11th. Wells Fargo & Company raised shares of BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Melius Research assumed coverage on shares of BJ's Wholesale Club in a research note on Monday, September 23rd. They issued a "buy" rating and a $90.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.33.

Insider Buying and Selling at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares of the company's stock, valued at $36,221,502.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares of the company's stock, valued at approximately $36,221,502.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the business's 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 approximately $1,133,710.62. 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 quarter, insiders have sold 34,000 shares of company stock valued at $2,818,390. 2.00% of the stock is currently owned by company insiders.

BJ's Wholesale Club Profile

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.