BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 685,542 shares of the company’s stock after selling 10,114 shares during the period. Goldman Sachs Group Inc.’s holdings in BJ’s Wholesale Club were worth $45,698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BJ. HighTower Advisors LLC boosted its stake in BJ’s Wholesale Club by 7.2% during the third quarter. HighTower Advisors LLC now owns 16,759 shares of the company’s stock worth $1,185,000 after buying an additional 1,128 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in BJ’s Wholesale Club during the third quarter worth $214,000. QRG Capital Management Inc. acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at $219,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at $1,442,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of BJ’s Wholesale Club by 46.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 558,667 shares of the company’s stock valued at $39,872,000 after purchasing an additional 176,494 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BJ. Evercore ISI upped their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday. Robert W. Baird upped their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. UBS Group upped their price target on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Bank of America upped their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, DA Davidson upped their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and an average price target of $82.06.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $88.56 on Friday. The stock’s 50-day moving average is $81.06 and its two-hundred day moving average is $73.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $60.45 and a 1-year high of $90.43. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 3.20 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business earned $0.85 EPS. BJ’s Wholesale Club’s revenue was up 4.1% on a year-over-year basis. Analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the transaction, the executive vice president now owns 87,294 shares in the company, valued at approximately $7,507,284. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,684 shares of company stock worth $3,204,268. 2.00% of the stock is currently owned by insiders.

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.