Exchange Traded Concepts LLC Has $804,000 Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Exchange Traded Concepts LLC trimmed its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 27.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,048 shares of the company’s stock after selling 2,692 shares during the period. Exchange Traded Concepts LLC’s holdings in BJ’s Wholesale Club were worth $804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its position in BJ’s Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after buying an additional 115 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in BJ’s Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after buying an additional 457 shares during the last quarter. Tortoise Investment Management LLC boosted its position in BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after buying an additional 233 shares during the last quarter. State of Wyoming bought a new position in BJ’s Wholesale Club in the 4th quarter valued at $69,000. Finally, TD Waterhouse Canada Inc. boosted its position in BJ’s Wholesale Club by 9,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company’s stock valued at $70,000 after buying an additional 776 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Loop Capital reiterated a “hold” rating and issued a $120.00 price objective (up from $110.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Robert W. Baird raised their price target on BJ’s Wholesale Club from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. Evercore ISI reduced their price target on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price target (up from $125.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised their price target on BJ’s Wholesale Club from $109.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average target price of $116.12.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $110.23 on Friday. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 3.18 and a beta of 0.47. The stock’s 50-day moving average is $113.81 and its 200-day moving average is $106.33. BJ’s Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.23. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ’s Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. Equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Joseph Mcgrail sold 2,100 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the sale, the senior vice president now owns 14,240 shares of the company’s stock, valued at approximately $1,705,097.60. The trade was a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of BJ’s Wholesale Club stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the sale, the chief executive officer now directly owns 386,233 shares in the company, valued at approximately $43,250,371.34. This represents a 4.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 314,592 shares of company stock worth $35,977,967 over the last three months. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.