Signaturefd LLC Trims Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Signaturefd LLC lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,464 shares of the company’s stock after selling 259 shares during the quarter. Signaturefd LLC’s holdings in BJ’s Wholesale Club were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BJ. FMR LLC raised its stake in shares of BJ’s Wholesale Club by 39.7% during the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after purchasing an additional 4,548,963 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of BJ’s Wholesale Club by 22.2% during the third quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock worth $324,460,000 after purchasing an additional 826,591 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of BJ’s Wholesale Club by 38.3% during the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after purchasing an additional 467,575 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club during the third quarter worth approximately $29,768,000. Finally, Morgan Stanley raised its stake in shares of BJ’s Wholesale Club by 10.3% during the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock worth $281,229,000 after purchasing an additional 369,317 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BJ shares. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $81.00 to $87.00 in a report on Monday, April 8th. Evercore ISI dropped their price objective on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Loop Capital reaffirmed a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. JPMorgan Chase & Co. upped their price objective on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Finally, Gordon Haskett lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Hold” and an average target price of $74.40.

BJ’s Wholesale Club Stock Up 0.4 %

BJ opened at $76.65 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. The firm has a market cap of $10.19 billion, a P/E ratio of 19.81, a PEG ratio of 3.32 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.33 and a 52 week high of $80.42. The business’s fifty day simple moving average is $74.64 and its 200 day simple moving average is $69.60.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In related news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now directly owns 173,294 shares in the company, valued at $12,815,091.30. 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 1,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the transaction, the director now owns 173,294 shares in the company, valued at $12,815,091.30. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock valued at $7,408,605 over the last quarter. Insiders own 2.20% of the company’s stock.

BJ’s Wholesale Club Profile

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