BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Stock Holdings Cut by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 15.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 216,342 shares of the company's stock after selling 39,343 shares during the period. Wellington Management Group LLP owned approximately 0.16% of BJ's Wholesale Club worth $17,844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BJ. Blue Trust Inc. acquired a new position in shares of BJ's Wholesale Club during the second quarter worth $25,000. Davis Capital Management purchased a new stake in BJ's Wholesale Club during the 3rd quarter worth $25,000. UMB Bank n.a. lifted its holdings in BJ's Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in BJ's Wholesale Club in the 3rd quarter valued at about $41,000. Finally, Benjamin Edwards Inc. grew its stake in shares of BJ's Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company's stock valued at $55,000 after acquiring an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their price target for the company from $76.00 to $78.00 in a report on Monday, August 26th. 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 research note on Thursday, November 21st. Roth Mkm lifted their price target on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, November 25th. Wells Fargo & Company upped their price target on shares of BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Finally, Melius Research started coverage on shares of BJ's Wholesale Club in a report on Monday, September 23rd. They set a "buy" rating and a $90.00 price objective for the company. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average target price of $93.56.

BJ's Wholesale Club Stock Performance

NYSE BJ traded down $0.99 during trading hours on Friday, reaching $97.54. The company's stock had a trading volume of 1,072,921 shares, compared to its average volume of 1,506,557. 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 business has a 50-day simple moving average of $90.22 and a 200 day simple moving average of $87.09. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74. The stock has a market cap of $12.88 billion, a PE ratio of 23.45, a PEG ratio of 4.69 and a beta of 0.29.

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

Insider Transactions at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company's stock.

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.