International Assets Investment Management LLC Sells 273,556 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

International Assets Investment Management LLC cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 98.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,412 shares of the company’s stock after selling 273,556 shares during the quarter. International Assets Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $301,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BJ. Davis Capital Management acquired a new stake in BJ’s Wholesale Club in the third quarter valued at about $25,000. UMB Bank n.a. boosted its stake in BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the third quarter valued at about $41,000. Benjamin Edwards Inc. boosted its stake in shares of BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after purchasing an additional 501 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of BJ’s Wholesale Club during the third quarter valued at about $55,000. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Melius Research assumed coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price target on the stock. Wells Fargo & Company lifted their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Citigroup lifted their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. UBS Group lifted their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley lifted their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.00.

BJ’s Wholesale Club Trading Up 4.4 %

Shares of BJ stock opened at $96.60 on Monday. The company has a market cap of $12.76 billion, a P/E ratio of 23.22, a PEG ratio of 4.69 and a beta of 0.32. The stock has a 50 day simple moving average of $92.83 and a two-hundred day simple moving average of $87.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two week high of $100.74.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

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.