River Road Asset Management LLC Sells 352,844 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

River Road Asset Management LLC decreased its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,875,078 shares of the company's stock after selling 352,844 shares during the quarter. BJ's Wholesale Club accounts for approximately 3.1% of River Road Asset Management LLC's holdings, making the stock its 2nd biggest holding. River Road Asset Management LLC owned approximately 2.17% of BJ's Wholesale Club worth $237,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BJ. Blue Trust Inc. bought a new position in BJ's Wholesale Club in the 2nd quarter valued at $25,000. Davis Capital Management acquired a new position in BJ's Wholesale Club during the 3rd quarter worth about $25,000. UMB Bank n.a. grew its holdings in 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 acquiring an additional 293 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of BJ's Wholesale Club in the third quarter worth about $41,000. Finally, J.Safra Asset Management Corp bought a new position in shares of BJ's Wholesale Club in the second quarter worth about $45,000. Institutional investors and hedge funds own 98.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BJ. Loop Capital boosted their target price 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. Bank of America dropped 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. JPMorgan Chase & Co. raised shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Melius Research began coverage on shares of BJ's Wholesale Club in a research note on Monday, September 23rd. They set a "buy" rating and a $90.00 price target for the company. Finally, Roth Mkm increased their price objective on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $86.31.

BJ's Wholesale Club Stock Up 1.5 %

BJ traded up $1.33 on Tuesday, hitting $88.08. 983,070 shares of the company were exchanged, compared to its average volume of 1,477,035. The stock's fifty day moving average is $83.16 and its 200-day moving average is $84.12. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37. 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 market cap of $11.68 billion, a PE ratio of 22.23, a PEG ratio of 3.18 and a beta of 0.24.

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

Insiders Place Their Bets

In related news, SVP Joseph Mcgrail sold 1,000 shares of the company'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 transaction, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares of the company's stock, valued at $1,133,710.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

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.