ProShare Advisors LLC Sells 237 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

ProShare Advisors LLC cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,270 shares of the company’s stock after selling 237 shares during the period. ProShare Advisors LLC’s holdings in BJ’s Wholesale Club were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in BJ’s Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after acquiring an additional 2,571,709 shares during the period. Putnam Investments LLC increased its position in BJ’s Wholesale Club by 4.3% in the 4th 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. Bessemer Group Inc. lifted its holdings in shares of BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after buying an additional 56,442 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in shares of BJ’s Wholesale Club by 17.6% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after acquiring an additional 377,019 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of BJ’s Wholesale Club by 17.2% in the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after acquiring an additional 237,902 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America cut their target price on shares of 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. 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 company from $75.00 to $92.00 in a research note on Friday, August 23rd. Evercore ISI boosted 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, June 20th. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Roth Mkm boosted their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.31.

BJ’s Wholesale Club Stock Up 0.5 %

Shares of NYSE BJ opened at $82.44 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37. The firm’s 50-day simple moving average is $83.15 and its 200 day simple moving average is $82.39. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24.

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, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. BJ’s Wholesale Club’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. On average, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares in the company, valued at approximately $1,288,040.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction dated 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. Insiders have sold 68,438 shares of company stock valued at $6,025,038 over the last 90 days. 2.00% of the stock is owned by company insiders.

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.