BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,946 shares of the company’s stock after selling 817 shares during the period. Freedom Investment Management Inc.’s holdings in BJ’s Wholesale Club were worth $621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd lifted its stake in BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after acquiring an additional 115 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in 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 last quarter. Tortoise Investment Management LLC grew its position in BJ’s Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after purchasing an additional 233 shares during the period. UMB Bank n.a. raised its stake in shares of BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock valued at $56,000 after buying an additional 253 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $55,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $118.57 on Friday. The firm has a 50 day simple moving average of $110.18 and a 200-day simple moving average of $98.78. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $73.01 and a 1-year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. On average, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BJ. Barclays lifted their price target on BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. The Goldman Sachs Group upped their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Argus upgraded BJ’s Wholesale Club to a “hold” rating in a research report on Friday, April 4th. JPMorgan Chase & Co. upped their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Finally, Morgan Stanley boosted their target price on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.82.

Insider Activity at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 2,100 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at $1,705,097.60. This trade represents a 12.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the business’s 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 completion of the sale, the director now owns 24,351 shares in the company, valued at $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 328,505 shares of company stock worth $37,452,686. Company insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.