Wellington Management Group LLP Sells 48,924 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Wellington Management Group LLP lessened its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,286,801 shares of the company’s stock after selling 48,924 shares during the period. Wellington Management Group LLP owned approximately 0.96% of BJ’s Wholesale Club worth $85,778,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in shares of BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after purchasing an additional 590,113 shares during the period. Morgan Stanley grew its holdings in shares of BJ’s Wholesale Club by 10.3% in the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after purchasing an additional 369,317 shares during the period. Putnam Investments LLC boosted its stake in BJ’s Wholesale Club by 4.3% during the fourth quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock worth $243,174,000 after buying an additional 150,414 shares during the period. Fiduciary Management Inc. WI boosted its stake in BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after buying an additional 377,019 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in BJ’s Wholesale Club by 38.3% during the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock worth $120,500,000 after buying an additional 467,575 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BJ shares. JPMorgan Chase & Co. raised their price objective on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Loop Capital reissued a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Bank of America raised their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. TD Cowen raised their target price on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, DA Davidson lifted their price objective on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.06.

BJ’s Wholesale Club Trading Down 0.1 %

NYSE BJ opened at $88.50 on Friday. The stock has a 50-day simple moving average of $81.49 and a 200 day simple moving average of $73.77. The company has a market capitalization of $11.74 billion, a PE ratio of 22.99, a P/E/G ratio of 3.20 and a beta of 0.24. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $61.06 and a 12 month high of $90.43.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the company earned $0.85 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 4.1% on a year-over-year basis. Research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, 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. Over the last ninety days, insiders sold 39,684 shares of company stock valued at $3,204,268. Insiders own 2.00% of the company’s stock.

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.