Neuberger Berman Group LLC Sells 63,219 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Neuberger Berman Group LLC decreased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) by 4.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,260,331 shares of the company’s stock after selling 63,219 shares during the period. Neuberger Berman Group LLC owned approximately 0.93% of BJ’s Wholesale Club worth $85,211,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. acquired a new position in BJ’s Wholesale Club in the 4th quarter valued at $202,000. HighTower Advisors LLC raised its position in BJ’s Wholesale Club by 14.1% in the 4th quarter. HighTower Advisors LLC now owns 4,977 shares of the company’s stock valued at $334,000 after purchasing an additional 615 shares in the last quarter. Prudential PLC acquired a new stake in BJ’s Wholesale Club in the 4th quarter valued at about $531,000. Allianz Asset Management GmbH raised its position in shares of BJ’s Wholesale Club by 95.6% during the 4th quarter. Allianz Asset Management GmbH now owns 161,262 shares of the company’s stock worth $10,791,000 after acquiring an additional 78,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of BJ’s Wholesale Club by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,496,516 shares of the company’s stock worth $100,222,000 after acquiring an additional 20,847 shares in the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on BJ’s Wholesale Club from $57.00 to $58.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 9th. Morgan Stanley boosted their target price on BJ’s Wholesale Club from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Friday, August 19th. Loop Capital boosted their price target on BJ’s Wholesale Club from $80.00 to $90.00 in a report on Friday, August 19th. Deutsche Bank Aktiengesellschaft upped their target price on BJ’s Wholesale Club from $81.00 to $86.00 in a research note on Friday, August 19th. Finally, Citigroup boosted their price target on BJ’s Wholesale Club to $81.00 in a research report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average price target of $77.13.

Insiders Place Their Bets

In other news, EVP Scott Kessler sold 2,125 shares of the stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $60.27, for a total value of $128,073.75. Following the completion of the sale, the executive vice president now owns 124,481 shares of the company’s stock, valued at $7,502,469.87. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other BJ’s Wholesale Club news, EVP Scott Kessler sold 2,125 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $60.27, for a total value of $128,073.75. Following the transaction, the executive vice president now owns 124,481 shares in the company, valued at $7,502,469.87. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Graham Luce sold 3,286 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $74.61, for a total value of $245,168.46. Following the completion of the transaction, the senior vice president now owns 28,186 shares in the company, valued at approximately $2,102,957.46. The disclosure for this sale can be found here. Insiders sold a total of 43,169 shares of company stock valued at $2,870,116 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

BJ’s Wholesale Club Trading Up 2.6 %

NYSE BJ opened at $78.45 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.73 and a quick ratio of 0.17. The firm has a market cap of $10.60 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.29 and a beta of 0.43. BJ’s Wholesale Club Holdings, Inc. has a one year low of $51.45 and a one year high of $79.69. The stock’s 50-day moving average is $71.64 and its 200-day moving average is $66.05.

BJ’s Wholesale Club (NYSE:BJGet Rating) last posted its earnings results on Thursday, August 18th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.23. BJ’s Wholesale Club had a return on equity of 71.47% and a net margin of 2.68%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the previous year, the firm earned $0.82 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. Sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.6 earnings per share for the current fiscal year.

BJ’s Wholesale Club Company Profile

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BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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