Tidal Investments LLC lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 29.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 250,038 shares of the company’s stock after selling 103,090 shares during the period. Tidal Investments LLC owned approximately 0.20% of BJ’s Wholesale Club worth $21,808,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in BJ. BOK Financial Private Wealth Inc. acquired a new position in BJ’s Wholesale Club during the fourth quarter worth $25,000. Strive Financial Group LLC acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at $25,000. Essential Partners LLC raised its holdings in shares of BJ’s Wholesale Club by 81.2% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock valued at $29,000 after buying an additional 130 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of BJ’s Wholesale Club by 147.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the period. Finally, Quantbot Technologies LP acquired a new position in BJ’s Wholesale Club during the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 98.60% of the company’s stock.
BJ’s Wholesale Club Trading Up 1.5%
NYSE BJ opened at $89.81 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $83.21 and a 52 week high of $105.78. The firm has a 50 day moving average of $92.87 and a two-hundred day moving average of $93.07. The company has a quick ratio of 0.19, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $11.34 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.18.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 14th. Roth Capital reiterated a “neutral” rating and set a $97.00 target price on shares of BJ’s Wholesale Club in a report on Monday, August 24th. Finally, Citigroup raised their price target on shares of BJ’s Wholesale Club from $100.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Hold” and a consensus price target of $106.06.
Get Our Latest Report on BJ’s Wholesale Club
Insiders Place Their Bets
In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,500 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total transaction of $144,975.00. Following the completion of the sale, the senior vice president directly owned 13,269 shares of the company’s stock, valued at $1,282,448.85. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert W. Eddy sold 4,900 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $100.01, for a total value of $490,049.00. Following the transaction, the chief executive officer directly owned 274,330 shares of the company’s stock, valued at approximately $27,435,743.30. This represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 79,416 shares of company stock worth $7,938,084. 1.10% of the stock is owned by insiders.
BJ’s Wholesale Club Profile
BJ’s Wholesale Club Holdings, Inc operates a membership-based warehouse club chain in the United States. The company sells a broad selection of products at discounted prices, including groceries, fresh foods, household essentials, electronics, appliances, furniture, apparel, health and beauty products, and seasonal merchandise.
BJ’s also operates gasoline stations at many of its locations and offers services such as optical, tire, and hearing-aid centers at select clubs. Its business combines physical warehouse clubs with digital shopping options, including online ordering, delivery, and curbside pickup where available.
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