Wells Fargo & Company MN Sells 24,185 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Wells Fargo & Company MN decreased its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 944,321 shares of the company's stock after selling 24,185 shares during the quarter. Wells Fargo & Company MN owned approximately 0.71% of BJ's Wholesale Club worth $84,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BJ. Captrust Financial Advisors boosted its stake in BJ's Wholesale Club by 6.0% during the 3rd quarter. Captrust Financial Advisors now owns 6,913 shares of the company's stock valued at $570,000 after purchasing an additional 392 shares during the period. HighTower Advisors LLC increased its position in BJ's Wholesale Club by 6.1% during the third quarter. HighTower Advisors LLC now owns 16,401 shares of the company's stock worth $1,347,000 after acquiring an additional 947 shares during the period. Janus Henderson Group PLC raised its stake in BJ's Wholesale Club by 10.0% during the 3rd quarter. Janus Henderson Group PLC now owns 107,652 shares of the company's stock valued at $8,878,000 after purchasing an additional 9,744 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in BJ's Wholesale Club by 5.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company's stock valued at $224,000 after purchasing an additional 133 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in BJ's Wholesale Club by 44.6% in the 3rd quarter. Quantinno Capital Management LP now owns 23,900 shares of the company's stock valued at $1,971,000 after purchasing an additional 7,374 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

BJ has been the topic of several research reports. Loop Capital boosted their price target on BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $115.00 to $130.00 in a report on Thursday, April 3rd. The Goldman Sachs Group upped their target price on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a report on Monday, March 10th. DA Davidson lifted their price target on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.82.

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of BJ's Wholesale Club stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 280,400 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now owns 422,033 shares of the company's stock, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 326,405 shares of company stock valued at $37,201,232. 2.00% of the stock is owned by insiders.

BJ's Wholesale Club Trading Down 0.1 %

BJ's Wholesale Club stock traded down $0.17 during mid-day trading on Friday, hitting $117.13. 2,649,117 shares of the company's stock were exchanged, compared to its average volume of 1,654,457. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $120.43. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $15.42 billion, a P/E ratio of 28.16, a PEG ratio of 4.50 and a beta of 0.54. The company's 50 day simple moving average is $108.90 and its 200-day simple moving average is $97.66.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.29 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

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.