Amalgamated Bank Trims Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Amalgamated Bank reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 22.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,343 shares of the company’s stock after selling 18,801 shares during the period. Amalgamated Bank’s holdings in BJ’s Wholesale Club were worth $5,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BJ. Creative Planning increased its stake in BJ’s Wholesale Club by 10.7% during the second quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after purchasing an additional 898 shares during the period. Raymond James & Associates increased its stake in BJ’s Wholesale Club by 99.9% during the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after purchasing an additional 382,114 shares during the period. Tidal Investments LLC increased its stake in BJ’s Wholesale Club by 96.8% during the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock worth $1,501,000 after purchasing an additional 9,759 shares during the period. LVW Advisors LLC purchased a new stake in BJ’s Wholesale Club during the second quarter worth about $589,000. Finally, Bayesian Capital Management LP purchased a new stake in BJ’s Wholesale Club during the first quarter worth about $908,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Bank of America lowered their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Roth Mkm boosted their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Loop Capital boosted their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.33.

BJ’s Wholesale Club Price Performance

BJ stock opened at $89.35 on Friday. The company has a market capitalization of $11.85 billion, a P/E ratio of 22.56, a PEG ratio of 3.22 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The business has a 50 day simple moving average of $83.62 and a 200-day simple moving average of $84.30. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 36.12% and a net margin of 2.62%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value 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 $1,133,710.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock worth $2,818,390 over the last 90 days. 2.00% of the stock is currently owned by insiders.

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.