Guggenheim Capital LLC Sells 3,783 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Guggenheim Capital LLC lessened its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,713 shares of the company’s stock after selling 3,783 shares during the quarter. Guggenheim Capital LLC’s holdings in BJ’s Wholesale Club were worth $587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Place Capital Corp acquired a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth $88,000. CHICAGO TRUST Co NA acquired a new position in BJ’s Wholesale Club during the 1st quarter worth approximately $220,000. Eagle Asset Management Inc. increased its holdings in BJ’s Wholesale Club by 14.7% in the 1st quarter. Eagle Asset Management Inc. now owns 12,624 shares of the company’s stock worth $960,000 after purchasing an additional 1,620 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of BJ’s Wholesale Club during the first quarter valued at $1,699,000. Finally, UBS Group AG raised its position in shares of BJ’s Wholesale Club by 42.0% during the fourth quarter. UBS Group AG now owns 286,907 shares of the company’s stock worth $18,982,000 after acquiring an additional 84,792 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $65.25 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.12 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $65.86 and its 200 day moving average is $69.22. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $80.41. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.54 and a beta of 0.45.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Tuesday, August 22nd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.07. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The business had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same period in the prior year, the business earned $1.06 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BJ. Credit Suisse Group lowered their target price on BJ’s Wholesale Club from $80.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, August 17th. Morgan Stanley decreased their price target on shares of BJ’s Wholesale Club from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 23rd. UBS Group decreased their price objective on BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. Citigroup lowered their target price on shares of BJ’s Wholesale Club from $83.00 to $74.00 in a report on Wednesday, May 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of BJ’s Wholesale Club from $89.00 to $77.00 in a report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Hold” and an average price target of $72.57.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Monica Schwartz sold 15,168 shares of BJ’s Wholesale Club stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $61.85, for a total transaction of $938,140.80. Following the completion of the transaction, the executive vice president now owns 25,962 shares in the company, valued at approximately $1,605,749.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Joseph Mcgrail sold 800 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $70.00, for a total transaction of $56,000.00. Following the completion of the sale, the senior vice president now directly owns 13,374 shares in the company, valued at $936,180. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Monica Schwartz sold 15,168 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $61.85, for a total value of $938,140.80. Following the sale, the executive vice president now directly owns 25,962 shares of the company’s stock, valued at $1,605,749.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,368 shares of company stock worth $1,022,148. 2.20% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Company Profile

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