BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,822 shares of the company's stock after selling 8,427 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.34% of BJ's Wholesale Club worth $37,349,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of BJ's Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company's stock valued at $368,044,000 after acquiring an additional 2,571,709 shares in the last quarter. FMR LLC increased its holdings in BJ's Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company's stock valued at $1,184,175,000 after buying an additional 966,528 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in BJ's Wholesale Club by 60.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company's stock valued at $196,929,000 after buying an additional 896,263 shares during the last quarter. Marshall Wace LLP increased its holdings in BJ's Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company's stock valued at $74,488,000 after buying an additional 499,954 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in BJ's Wholesale Club by 201.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company's stock valued at $51,966,000 after buying an additional 395,573 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Performance

BJ stock traded up $0.36 during trading on Wednesday, hitting $96.63. The company had a trading volume of 638,709 shares, compared to its average volume of 1,501,323. The firm has a market cap of $12.76 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 4.48 and a beta of 0.29. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $63.73 and a 1-year high of $99.91. The firm has a 50-day moving average price of $88.04 and a 200-day moving average price of $86.37. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. The firm had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.12 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Insider Activity at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on BJ shares. Roth Mkm increased their target price on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Bank of America dropped their target price on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 23rd. Jefferies Financial Group increased their target price on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Morgan Stanley increased their target price on BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Friday, November 22nd. Finally, UBS Group raised their price objective on BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $93.25.

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.