BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,629 shares of the company's stock after selling 22,341 shares during the quarter. Russell Investments Group Ltd.'s holdings in BJ's Wholesale Club were worth $2,469,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Tortoise Investment Management LLC boosted its position in BJ's Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after acquiring an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after purchasing an additional 457 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of BJ's Wholesale Club in the third quarter valued at $55,000. UMB Bank n.a. increased its stake in BJ's Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company's stock valued at $56,000 after purchasing an additional 253 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in BJ's Wholesale Club by 151.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,168 shares of the company's stock worth $104,000 after buying an additional 703 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Down 1.1 %

BJ stock traded down $1.27 during trading on Thursday, reaching $112.76. The stock had a trading volume of 439,431 shares, compared to its average volume of 1,643,525. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average price of $110.65 and a 200 day moving average price of $99.28. The company has a market capitalization of $14.85 billion, a P/E ratio of 27.15, a PEG ratio of 4.50 and a beta of 0.54. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $73.93 and a 1-year 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 analysts' consensus estimates of $0.86 by $0.07. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. On average, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity at BJ's Wholesale Club

In related news, EVP William C. Werner sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares of the company's stock, valued at $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 328,505 shares of company stock valued at $37,452,686 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of several recent analyst reports. Robert W. Baird lifted their price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Wells Fargo & Company restated an "overweight" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Barclays lifted their price target on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. Finally, DA Davidson lifted their target price on BJ's Wholesale Club from $123.00 to $130.00 and gave the company a "buy" rating in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.