BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.7% in the second quarter, HoldingsChannel reports. The firm owned 3,446 shares of the company’s stock after selling 413 shares during the quarter. Profund Advisors LLC’s holdings in BJ’s Wholesale Club were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Thematics Asset Management increased its stake in shares of BJ’s Wholesale Club by 1.5% in the fourth quarter. Thematics Asset Management now owns 66,532 shares of the company’s stock valued at $4,435,000 after purchasing an additional 992 shares during the period. GSA Capital Partners LLP bought a new stake in BJ’s Wholesale Club during the 4th quarter valued at $2,853,000. BNP Paribas Financial Markets boosted its position in BJ’s Wholesale Club by 231.3% during the 1st quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock worth $16,829,000 after acquiring an additional 155,316 shares during the period. Raymond James & Associates grew its stake in shares of BJ’s Wholesale Club by 99.9% in 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 in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of BJ’s Wholesale Club by 96.8% during the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,759 shares during the period. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $82.02 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The company has a market cap of $10.88 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The firm’s 50 day simple moving average is $83.33 and its 200-day simple moving average is $82.21.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. As a group, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.83 EPS for the current year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,438 shares of company stock valued at $6,980,938. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Evercore ISI upped their price objective on shares of 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. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $76.00 to $78.00 in a report on Monday, August 26th. Roth Mkm boosted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Bank of America decreased their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, 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 note on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.31.

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.