BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJFree Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,999 shares of the company’s stock after selling 6,817 shares during the quarter. California State Teachers Retirement System owned about 0.11% of BJ’s Wholesale Club worth $9,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Nova Scotia purchased a new stake in BJ’s Wholesale Club in the fourth quarter valued at $403,000. Evoke Wealth LLC purchased a new position in BJ’s Wholesale Club during the fourth quarter worth about $917,000. TFO Wealth Partners LLC increased its position in shares of BJ’s Wholesale Club by 73,183.3% during the fourth quarter. TFO Wealth Partners LLC now owns 4,397 shares of the company’s stock valued at $293,000 after acquiring an additional 4,391 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of BJ’s Wholesale Club by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 58,995 shares of the company’s stock valued at $3,933,000 after acquiring an additional 570 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at approximately $410,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $88.44 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.45 and a 12 month high of $88.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The firm has a market capitalization of $11.74 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 3.11 and a beta of 0.24. The business’s fifty day moving average price is $79.03 and its 200 day moving average price is $72.16.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BJ has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. DA Davidson boosted their price objective on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Evercore ISI raised their target price on BJ’s Wholesale Club from $80.00 to $86.00 and gave the company an “in-line” rating in a report on Friday, May 24th. UBS Group increased their price target on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, Barclays lifted their price objective on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and an average target price of $81.88.

Check Out Our Latest Analysis on BJ’s Wholesale Club

Insiders Place Their Bets

In related news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on 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 owns 12,905 shares of the company’s stock, valued at $998,459.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction on 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 sale, 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. Over the last quarter, insiders have sold 112,746 shares of company stock valued at $8,607,203. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Company Profile

(Free Report)

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.

Further Reading

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

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