Mercer Global Advisors Inc. ADV Cuts Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Mercer Global Advisors Inc. ADV reduced its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,140 shares of the company’s stock after selling 279 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in BJ’s Wholesale Club were worth $467,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in shares of BJ’s Wholesale Club by 99.9% during the 2nd 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 last quarter. Fiduciary Management Inc. WI boosted its holdings in shares of BJ’s Wholesale Club by 17.6% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after purchasing an additional 377,019 shares during the last quarter. Delta Global Management LP acquired a new position in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $27,214,000. TD Asset Management Inc acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $21,550,000. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of BJ’s Wholesale Club by 55.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 840,723 shares of the company’s stock worth $56,043,000 after purchasing an additional 299,537 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Down 0.0 %

BJ’s Wholesale Club stock opened at $82.02 on Friday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The stock’s fifty day simple moving average is $83.33 and its 200-day simple moving average is $82.27. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10.88 billion, a P/E ratio of 21.30, a P/E/G ratio of 3.02 and a beta 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, topping analysts’ consensus estimates 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 business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $89.86, for a total value of $2,591,742.12. Following the transaction, the executive vice president now owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Graham Luce sold 16,596 shares of the stock in a transaction 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 owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction on Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the transaction, the executive vice president now directly owns 58,452 shares in the company, valued at approximately $5,252,496.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,438 shares of company stock valued at $6,980,938. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BJ. Evercore ISI boosted their target price 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. Melius Research started coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective on the stock. Wells Fargo & Company upgraded 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 report on Friday, August 23rd. Roth Mkm upped their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Finally, Loop Capital upped their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.31.

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.