Xponance Inc. Sells 5,515 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Xponance Inc. lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 27.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,428 shares of the company’s stock after selling 5,515 shares during the quarter. Xponance Inc.’s holdings in BJ’s Wholesale Club were worth $1,267,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of BJ’s Wholesale Club by 158.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after purchasing an additional 2,571,709 shares during the last quarter. Putnam Investments LLC increased its position in BJ’s Wholesale Club by 4.3% during the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock worth $243,174,000 after purchasing an additional 150,414 shares in the last quarter. Bessemer Group Inc. lifted its stake in BJ’s Wholesale Club by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after purchasing an additional 56,442 shares during the last quarter. Fiduciary Management Inc. WI lifted its stake in BJ’s Wholesale Club by 17.6% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after purchasing an additional 377,019 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in BJ’s Wholesale Club by 17.2% in the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after buying an additional 237,902 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Loop Capital increased their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. Evercore ISI boosted their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Finally, Bank of America cut their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.31.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Graham Luce sold 16,596 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the transaction, the executive vice president now directly owns 14,131 shares in the company, valued at $1,288,040.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,438 shares of company stock worth $6,980,938. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Down 0.0 %

Shares of BJ’s Wholesale Club stock opened at $82.02 on Friday. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 3.02 and a beta of 0.24. The stock’s 50-day moving average is $83.33 and its 200 day moving average is $82.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.83 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.