Walter Public Investments Inc. Has $20.28 Million Stock Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Walter Public Investments Inc. lessened its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 7.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 245,883 shares of the company's stock after selling 20,607 shares during the quarter. BJ's Wholesale Club accounts for about 3.5% of Walter Public Investments Inc.'s investment portfolio, making the stock its 11th largest holding. Walter Public Investments Inc. owned approximately 0.19% of BJ's Wholesale Club worth $20,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in BJ's Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company's stock worth $128,000 after acquiring an additional 124 shares during the period. CWM LLC boosted its holdings in BJ's Wholesale Club by 7.4% in the 2nd quarter. CWM LLC now owns 1,863 shares of the company's stock worth $164,000 after acquiring an additional 128 shares during the period. Riverwater Partners LLC boosted its holdings in BJ's Wholesale Club by 1.1% in the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company's stock worth $1,138,000 after acquiring an additional 135 shares during the period. GAMMA Investing LLC boosted its holdings in BJ's Wholesale Club by 11.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company's stock worth $144,000 after acquiring an additional 162 shares during the period. Finally, LRI Investments LLC boosted its holdings in BJ's Wholesale Club by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,953 shares of the company's stock worth $172,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

NYSE BJ traded down $0.53 during trading hours on Thursday, hitting $85.63. The company had a trading volume of 1,133,563 shares, compared to its average volume of 1,514,356. 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 company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $82.92 and a 200-day simple moving average of $83.21. The firm has a market cap of $11.36 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25.

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

Insider Activity

In other news, EVP Jeff Desroches sold 28,842 shares of the firm's stock in a transaction on Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares of the company's stock, valued at approximately $5,252,496.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Jeff Desroches sold 28,842 shares of the firm's stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the transaction, the executive vice president now owns 58,452 shares of the company's stock, valued at $5,252,496.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now directly owns 434,792 shares of the company's stock, valued at $36,413,830. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,842 shares of company stock valued at $5,433,562. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America decreased their price target 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. Roth Mkm increased their target price on BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. Melius Research started coverage on BJ's Wholesale Club in a research note on Monday, September 23rd. They set a "buy" rating and a $90.00 target price for the company. Evercore ISI increased their target price on BJ's Wholesale Club from $86.00 to $89.00 and gave the company an "in-line" rating in a research note on Thursday, June 20th. Finally, JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.31.

About BJ's Wholesale Club

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.