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

Natixis Advisors LLC lessened its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,017 shares of the company’s stock after selling 6,680 shares during the quarter. Natixis Advisors LLC owned 0.05% of BJ’s Wholesale Club worth $5,940,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its position in BJ’s Wholesale Club by 0.7% during the third quarter. Valley Wealth Managers Inc. now owns 207,014 shares of the company’s stock valued at $17,075,000 after buying an additional 1,384 shares during the period. CIBC Asset Management Inc grew its position in shares of BJ’s Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after acquiring an additional 123 shares during the period. Impax Asset Management Group plc increased its stake in shares of BJ’s Wholesale Club by 50.0% in the 3rd quarter. Impax Asset Management Group plc now owns 134,955 shares of the company’s stock valued at $11,131,000 after purchasing an additional 45,000 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in BJ’s Wholesale Club by 140.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,710 shares of the company’s stock worth $1,873,000 after purchasing an additional 13,284 shares during the period. Finally, Curi RMB Capital LLC boosted its position in BJ’s Wholesale Club by 18.6% during the third quarter. Curi RMB Capital LLC now owns 143,125 shares of the company’s stock worth $11,805,000 after purchasing an additional 22,400 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $2,818,390 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. TD Cowen upped their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Roth Mkm raised their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Melius Research started coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Finally, Jefferies Financial Group increased their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $92.50.

BJ’s Wholesale Club Trading Up 4.3 %

Shares of BJ opened at $96.75 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $85.83 and a 200 day moving average price of $85.34. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.73 and a 12-month high of $97.53. The firm has a market capitalization of $12.83 billion, a P/E ratio of 24.43, a P/E/G ratio of 4.19 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. Sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

About BJ’s Wholesale Club

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.