Allspring Global Investments Holdings LLC Has $228,000 Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Allspring Global Investments Holdings LLC decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 95.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,591 shares of the company’s stock after selling 54,327 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BJ’s Wholesale Club were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BJ. Blue Trust Inc. bought a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth about $25,000. Rise Advisors LLC bought a new stake in shares of BJ’s Wholesale Club during the first quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at approximately $40,000. J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club during the second quarter worth approximately $45,000. Finally, Psagot Value Holdings Ltd. Israel acquired a new stake in BJ’s Wholesale Club during the 4th quarter worth approximately $80,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $76.83 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The stock has a market capitalization of $10.20 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 2.95 and a beta of 0.23. The stock has a fifty day moving average of $85.77 and a 200-day moving average of $81.45.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results 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 return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the transaction, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. Insiders sold a total of 79,438 shares of company stock valued at $6,980,938 in the last quarter. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of research reports. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Thursday, May 23rd. Robert W. Baird raised their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. TD Cowen boosted their price objective on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $86.07.

BJ’s Wholesale Club Company 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.