State of Alaska Department of Revenue Sells 12,292 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

State of Alaska Department of Revenue reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 44.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,478 shares of the company’s stock after selling 12,292 shares during the period. State of Alaska Department of Revenue’s holdings in BJ’s Wholesale Club were worth $1,766,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BJ. Norges Bank acquired a new stake in BJ’s Wholesale Club during the 4th quarter valued at approximately $135,344,000. Alliancebernstein L.P. increased its holdings in BJ’s Wholesale Club by 658.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company’s stock worth $136,100,000 after acquiring an additional 1,322,425 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in BJ’s Wholesale Club in the 4th quarter worth $85,550,000. GAMMA Investing LLC grew its holdings in shares of BJ’s Wholesale Club by 17,333.9% during the first quarter. GAMMA Investing LLC now owns 689,164 shares of the company’s stock worth $78,634,000 after buying an additional 685,211 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of BJ’s Wholesale Club by 3,526.9% during the fourth quarter. Deutsche Bank AG now owns 595,571 shares of the company’s stock worth $53,214,000 after buying an additional 579,150 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on BJ. DA Davidson boosted their price target on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Evercore ISI cut their price target on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Wall Street Zen upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Barclays boosted their price target on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Finally, Loop Capital restated a “hold” rating and set a $120.00 target price (up from $110.00) on shares of BJ’s Wholesale Club in a research note on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $116.12.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the transaction, the chief executive officer now owns 386,233 shares in the company, valued at $43,250,371.34. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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. This represents a 12.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 314,592 shares of company stock valued at $35,977,967. 1.40% of the stock is owned by company insiders.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $114.90 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The stock has a fifty day moving average price of $113.71 and a 200 day moving average price of $106.61. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $76.33 and a 1-year high of $121.10. The company has a market cap of $15.17 billion, a PE ratio of 26.72, a P/E/G ratio of 3.24 and a beta of 0.47.

BJ’s Wholesale Club (NYSE:BJ) last released its 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. BJ’s Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter last year, the company earned $0.85 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

About BJ’s Wholesale Club

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.