BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC cut its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 18.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,300 shares of the company's stock after selling 6,208 shares during the period. Susquehanna Fundamental Investments LLC's holdings in BJ's Wholesale Club were worth $2,398,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC grew its holdings in BJ's Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company's stock worth $368,044,000 after acquiring an additional 2,571,709 shares during the period. Putnam Investments LLC grew its holdings in BJ's Wholesale Club by 4.3% during the fourth quarter. Putnam Investments LLC now owns 3,647,981 shares of the company's stock worth $243,174,000 after acquiring an additional 150,414 shares during the period. Bessemer Group Inc. boosted its position in BJ's Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company's stock worth $235,946,000 after purchasing an additional 56,442 shares in the last quarter. Fiduciary Management Inc. WI boosted its position in BJ's Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company's stock worth $167,625,000 after purchasing an additional 377,019 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in BJ's Wholesale Club by 17.2% during the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company's stock worth $142,721,000 after purchasing an additional 237,902 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Melius Research assumed coverage on BJ's Wholesale Club in a research report on Monday, September 23rd. They set a "buy" rating and a $90.00 price objective on the stock. Evercore ISI lifted their price objective on BJ's Wholesale Club from $86.00 to $89.00 and gave the stock an "in-line" rating in a research report on Thursday, June 20th. Wells Fargo & Company upgraded BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Loop Capital lifted their price objective on BJ's Wholesale Club from $80.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 11th. Finally, Bank of America reduced their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average target price of $86.31.

BJ's Wholesale Club Stock Up 2.4 %

NYSE BJ traded up $1.98 during trading on Tuesday, reaching $84.46. 748,717 shares of the company's stock were exchanged, compared to its average volume of 1,511,645. The stock has a market cap of $11.21 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24. 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 company has a 50 day moving average price of $83.15 and a two-hundred day moving average price of $82.39. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ's Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the business earned $0.97 EPS. The business's quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.83 EPS for the current fiscal year.

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP Graham Luce sold 16,596 shares of the business's stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the transaction, the executive vice president now owns 14,131 shares in the company, valued at approximately $1,288,040.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BJ's Wholesale Club news, EVP Graham Luce sold 16,596 shares of the firm's stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the transaction, the executive vice president now owns 14,131 shares of the company's stock, valued at $1,288,040.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeff Desroches sold 28,842 shares of BJ's Wholesale Club stock in a transaction on Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the sale, the executive vice president now directly owns 58,452 shares of the company's stock, valued at approximately $5,252,496.72. The disclosure for this sale can be found here. Insiders have sold 68,438 shares of company stock worth $6,025,038 in the last quarter. Company insiders own 2.00% of the company's stock.

BJ's Wholesale Club Company 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.